Must-Read: Low-end labor markets simply do not appear to work like competitive markets. Rather, they work like markets in which employers have substantial market power—and thus minimum wage laws have the same efficiency benefits as does natural-monopoly rate regulation. Why low-end labor markets do not appear to work like competitive markets is a very interesting—and, … Continue reading Must-Read: Michael Reich, Sylvia Allegretto, and Anna Godoey: Seattle’s Minimum Wage Experience 2015-16