Jacob Vigdor of the University of Washington talks with EconTalk host Russ Roberts about the impact of Seattle's minimum wage increases in recent years. Vigdor along with others from the Evans School of Public Policy and Governance have tried to measure the change in employment, hours worked, and wages for low-skilled workers in Seattle. He summarizes those results here arguing that while some workers earned higher wages, some or all of the gains were offset by reductions in hours worked and a reduction in the rate of job creation especially for low-skilled workers.

Mark Cuban tries to get back to his point, but he misses the point. The inventor, Staff Sergeant Travis Alton, has presumably already shown that his device is better and cheaper than the one the U.S. Air Force has adopted.  Cuban asks him why the military has adopted the much more expensive one.

It is puzzling that so many private-sector economists are forecasting a recession in 2020, Casey Mulligan, chief economist of the White House Council of Economic Advisers, said Thursday. A survey released by the National Association for Business Economics on Monday ahead of a conference showed that 42% of the economists expect the economy will sink into a recession in 2020 and 25% predicted the downturn would start in 2021.

The Third Pillar is a brilliant and far-seeing analysis of the current populist backlash against globalization.