John F. Ross CVI alum wins Nobel Prize
October 15, 2021
GUELPH, Ontario — David Card is a Guelph-born economist whose work and research shows that an increase in minimum wage does not lead to less hiring and immigrants do not lower pay for native-born workers. Card’s research challenges long commonly held ideas.
Card won the Nobel Prize for his work alongside other economists, Joshua Angrist and Guido Imbens.
Card is also a graduate of John F. Ross Collegiate Vocational Institute in Guelph. He attended John F. Ross between the years of 1970 to 1975.
Back in 2017, Card was inducted into John F. Ross CVI’s first Hall of Fame ceremony. The ceremony is to celebrate former Royals’ students and staff that have gone on to have an extraordinary influence on the local, national or international stage after their time at Ross.
Card’s research has gone on to fundamentally change how economists look at labour economics.