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