Only in America

Many thanks to David Ruccio.

occasional links & commentary

EPI_NYT_MEMO

More than two decades beyond the Cold War, the Employment Policies Institute yesterday published a full-page ad [pdf] in the New York Times identifying some of the „radicals“ among the 600 economists who signed a letter to President Obama in January advocating an increase of the federal minimum wage of $10.10 an hour.*

Peter Coy interviewed Michael Saltsman, the organization’s research director:

I asked Saltsman if he thinks the ad is Red-baiting. “Not at all,” he said. “It’s just, that’s not somebody we should be listening to as an expert as to whether we should raise the minimum wage.”

Wait, that’s not all. The ad concludes by advising readers to “listen to the consensus of 85 percent of the best economic research,” implying that the seven Nobelists and eight former AEA presidents who signed the letter are in a tiny minority. I asked Saltsman where the 85 percent…

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