On the recordMay 23, 1996
the Card and Krueger study is inaccurate and unreliable. It has just been referenced, and we have to set the record straight. Nobel prize winning economist Gary Becker, on the Card and Krueger New Jersey study, concluded that: ``The Card-Krueger studies are flawed and cannot justify going against the accumulated evidence from many past and present studies that find sizable negative effects of higher minimums [wages] on employment.'' Card and Krueger did a telephone study. They did not follow it up. Subsequent studies have followed it up and have totally rebutted the wrong implications of that study. We should not be basing our judgment on erroneous data.
Source
govinfo.gov
