Professing Knowledge of the Minimum Wage Issue

In its March 4th web memo on the minimum wage issue, arch conservative research organization The Heritage Foundation makes the same old tired arguments against the minimum wage: “Raising the minimum wage will hurt low-income workers, cost jobs, and hobble the American economy.” Setting aside that Heritage presents these claims as facts, even though they are seriously disputed, what stands out is that Heritage suddenly calls upon the usually disdained liberal elites to descend from their ivy towers and bless us with their intelligence, namely, “Bring in the expert economists from MIT and Chicago and Harvard who will force Sen. Kennedy to hear that his policies are hurting the poor.” Here are just some of the institutions’ professors who may not rise to the call from Heritage; they all support a minimum wage increase. Oh, and for good measure, we threw in some professors who not only represent those revered universities but are also past Nobel Prize winners and former presidents of the American Economic Association.

Alice Amsden Massachusetts Institute of Technology
Francis M. Bator Harvard University
Lawrence F. Katz Harvard University
Frank Levy Massachusetts Institute of Technology
Paul A. Samuelson Massachusetts Institute of Technology
Robert M. Solow Massachusetts Institute of Technology
David C. Cole Harvard Institute for International Development
Peter Diamond Massachusetts Institute of Technology
Paul Osterman Massachusetts Institute of Technology
Saskia Sassen University of Chicago Law School
Michael J. Piore Massachusetts Institute of Technology
Karen R. Polenske Massachusetts Institute of Technology
Rashi Fein Harvard Medical School
Ronald F. Ferguson Harvard University
Robert Z. Lawrence Harvard University
Stephen A. Marglin Harvard University
Richard J. Murnane Harvard University
Richard A. Musgrave Harvard University
Dani Rodrik Harvard University
F. M. Scherer Harvard University
Bruce R. Scott Harvard Business School