Greg Mankiw, however, points to study by Robert Whaples:
One issue that fails to generate consensus is the minimum wage: 37.7 percent want it increased, while 46.8 percent want it eliminated.Tyler Cowen displays some quotes from economists who favor minimum wage laws. He notes that the reasons given:
are striking, most of all for how far they stand outside traditional economic reasoningHe adds:
If you wish to understand the gap between market-oriented and more left-wing economists, this piece [by Dan Klein] is an excellent place to start.I'm with Arnold Kling on this one.