2 ideas from David Card, each explained in a minute and credited to the original work. Free on Savvy.
Standard economic theory predicted a higher minimum wage would cut jobs. In 1994, David Card and Alan Krueger compared fast-food employment in New Jersey, which raised its minimum …
— David Card and Alan Krueger, Minimum Wages and Employment: A Case Study of the Fast-Food Industry in New Jersey and Pennsylvania
When Fidel Castro let 125,000 Cubans leave for Miami in 1980, the city's labor force grew roughly 7% within months, a textbook shock to labor supply. Economist David Card compared …
— David Card, The Impact of the Mariel Boatlift on the Miami Labor Market