Wednesday, February 27, 2013

Great Graphic: Economists Divided on Minimum Wage Debate


This Great Graphic comes from the University of Chicago's business school blog.  A tip of the hat to Justin Wolfers for noting it.  It shows the results of a survey of economists and their view and conviction level of the impact of a higher minimum wage. 

The key take away is how strongly divided professional economists are over the issue.  It suggests that it is not a simply technocratic issue, but one of values and, dare one say, ideology.