This sort of article is either why I started blogging in the first place, or am on the verge of quitting. It’s extraordinarily disingenuous and frustrating. Here is one example:
With unions only a distant memory for many people, federal minimum-wage legislation has become the best hope for propping up wages for low-income workers. And again, the worldview of economism comes to the aid of employers by abstracting away from the reality of low-wage work to a pristine world ruled by the “law” of supply and demand.
Really. The BEST? Not figuring out ways to increase the demand for their services? Not figuring out ways to improve their productivity? Not wage subsidies or EITC or any other program like it? Nope, the BEST hope is the minimum wage.
And yes, all of us economists are in the employ of employers. Actually, we are, by University employers. But if one ends a big think article on the premise that a huge industry of economists exists to blow the party line of businesses, that should tell you something about the intellectual edifice the piece is built on. At least now my econ students have a nice long article they are going to have to go paragraph by paragraph through – to benefit the employers of course.