Forbes economic columnist writing about negative impact of rise in UK’s national living wage notes Arin Dube’s argument that minimum wage should be set at 50 percent of median wage in any market area

An economic columnist writing about the negative impact a rise in the national living wage in the U.K. is having notes that Arindrajit Dube, economics, argues that a minimum wage should be set at 50 percent of the median wage in any market area. The national living wage in the U.K. is 60 percent of the median wage. (Forbes, 3/20/17)