MiB: Alan Krueger

This week, our Masters in Business radio podcast features Alan Krueger, former chairman of the U.S. Council of Economic Advisers.

Krueger served as Chairman of the President’s Council of Economic Advisers, was a Cabinet Member from November 2011 to August 2013. He was Chief Economist of the U.S. Department of the Treasury in 2009-10, and as Chief Economist at the U.S. Department of Labor in 1994-95. He is presently a professor of economics and public affairs at Princeton University.”

Krueger has an expertise on labor economics; he and colleague David Card study became the seminal research paper on minimum wage in the fast food industry; the  data showed a modest increases in the minimum wage did not reduce employment, and actually was a net positive for the local economy. Subsequent studies has confirmed the research.

Listen to the full podcast at Bloomberg, on Apple iTunes, Stitcher or SoundCloud. All of our earlier podcasts are now available on iTunes.

Transcript here.

Next week, we speak with Liz Ann Sonders of Schwab.

 

 

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