Nobel-winning economists rewarded for ‘natural experiments’ in real world

Permanent Secretary of the Royal Swedish Academy of Sciences Goran K Hansson, center, announces the 2021 Nobel prize for economics (Claudio Bresciani/AP)

A US-based economist won the Nobel prize for economics for pioneering research that showed an increase in minimum wage does not lead to less hiring and immigrants do not lower pay for native-born workers, challenging commonly held ideas.

Two others shared the award for creating a way to study these types of societal issues.