The Problem with a Deeply Entrenched Neoclassical Orthodoxy
By Oren M. Levin-Waldman

NEWARK, NJ — January 26, 2022 — The neoclassical model of competitive markets holds that raising the minimum wage will lead to lower employment, either because employers will fire workers or because they won’t hire entrants into the labor market who are now searching for higher wages. This model has become an orthodoxy unto itself, which is assumed to be … Continue reading The Problem with a Deeply Entrenched Neoclassical Orthodoxy
By Oren M. Levin-Waldman