Nobel Prize winner David Card: “The German minimum wage is strange” – Economy

David Card wants to meet in the lobby of the Berlin Hotel Adlon. He knows the famous hotel at the Brandenburg Gate from the historical crime novels by British author Philip Kerr, in which the Berlin private detective Bernie Gunther investigates. Card is himself a kind of economic detective. He finds new insights in data that other economists do not want to acknowledge. In 2021 he received the Nobel Prize in Economics for this. His greatest coup: He provedthat, contrary to its reputation, the minimum wage does not destroy jobs in the low-wage sector.

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