5min chapter

Second Request cover image

Evan Starr on The Economic Benefits of Banning Non-competes

Second Request

CHAPTER

Challenging Neoclassical Economics: The Minimum Wage Debate

This chapter examines how evidence has debunked the neoclassical economic theory that increasing the minimum wage would result in job losses. It discusses the importance of empirical evidence in guiding policy decisions and the slow adoption of more realistic economic models in understanding labor markets.

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