The economy must have been hit harder than expected, given that so many Austrian Economists have switched to being only part-time Austrians, and otherwise thoughtful economists (whether Austrian or not) have shirked their duties.
What am I talking about? I’m talking about two recent waves of libertarian appeals to poor minimum wage empiricism that would not pass the sniff test in an introductory econometrics class.
The first round:
A Kevin Erdmann blog post on the effects of minimum wage on teen employment. Erdmann originally regressed teen employment over time before and after the minimum wage was increased at different times in US history, concluding that there is strong evidence that the minimum wage caused the decrease in the employment trend.
This article was shared by (at least) Steve Horwitz, Peter Boettke, Don Boudreaux, and Mark Perry.
Horwitz introduces the article with
Evidence about the minimum wage harming teen employment…
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Utopia, you are standing in it! 
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