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Economics dissent

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Friday, April 18, 2014, 8:57 p.m.
 

Your March 29 edition carried an editorial lambasting President Obama for proposing a higher minimum wage ( “Obama vs. 500 economists” ). It cited a letter from 500 economists, including three Nobel Prize winners, opposing the proposed increase. On the basis of that letter, you accused the president of economic ignorance. You dismissed his Council of Economic Advisers, who support the proposed increase, as “toadies.”

Your editorial created the misleading impression that economists as a group oppose higher minimum wages. You could have told your readers that another group of more than 600 economists, including seven Nobel Prize winners, have signed a letter supporting the higher minimum wage.

Your slur against the Council of Economic Advisers was beyond the pale. In every administration, the Council of Economic Advisers consists of three distinguished economists drawn from the nation's top universities. You have insulted three public servants who are highly accomplished in their field, who know vastly more economics than your editorial writers ever will and whose only sin is disagreeing with you.

Michael Comiskey

Connellsville

The writer is an associate professor of political science and instructor of economics at Penn State Fayette Campus, Lemont Furnace.

 

 
 


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