Zing!
I love it when Greg Mankiw gets nasty.
Robert
Reich says that, as a requirement for free trade deals, we should tell
developing countries to "set a minimum wage that’s half their median wage." The
proposal raises two questions in my mind:1. Does Reich pay his nanny,
cleaning person, and gardener more than half the median wage of members of his
family?2. If not, should I refuse to buy his books?