Minimum wage a maximum folly. President Obama’s proposal to increase the federal minimum wage is a
case of what Nobel laureate economist Paul Krugman calls “zombie
economic ideas.” According to Krugman, “a zombie idea is a proposition
that has been thoroughly refuted by analysis and evidence, and should be
dead—but won’t stay ... MOREJames Dorn: Obama's Minimum Wage Is Zombie Economics
Minimum wage a maximum folly. President Obama’s proposal to increase the federal minimum wage is a
case of what Nobel laureate economist Paul Krugman calls “zombie
economic ideas.” According to Krugman, “a zombie idea is a proposition
that has been thoroughly refuted by analysis and evidence, and should be
dead—but won’t stay ... MORE