Academics

Academics

Cry Wolf Quotes

It is simply wrong-headed policy…[Federal and state banking regulations] require or aggressively nudge banks into subsidizing parts of the community [The proposals] would only aggravate the problem.

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Lawrence J. White, a professor of economics at New York University's Stern School of Business, New York Times.

Minimum wage increases that even approach an average livable wage would result in significantly fewer jobs for low-wage workers. A substantial increase in the relative cost of labor will result in a reduction in the amount of labor used…

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Kavet, Thomas, Deborah Brighton, Douglas Hoffer, and Elaine McCrate. Vermont State Legislature.
11/02/1999 | Full Details | Law(s): Minimum Wage

These teenagers [that drop out of school to take the higher wage jobs] take jobs that would go to unskilled adults, making it harder for those adults to make the transition from welfare to work.

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N. Gregory Mankiw, The Boston Globe.
06/24/2001 | Full Details | Law(s): Living Wage

…this is no time to put additional burdens on employers and employees and State administrations. Recent legislation has created plenty of burdens without adding the one. It is an extremely dangerous time to discuss raising labor costs in the sense of labor costs per unit.

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Prof. R.S. Meriam, Harvard Business School, Testimony, House Committee on Ways and Means.
03/21/1934 | Full Details | Law(s): Unemployment Insurance