In response to:

Obama’s Minimum Wage Plan

BuggiOlleo Wrote: Feb 18, 2013 10:05 AM
Are there really politicians pushing another minimum wage hike? Good Lord; my concern, as with all the rest of the New Finagling Math which will take place, are the exemptions. This will not do; it will make those employable high school dropouts exchangeable for those with a PHD working as a cashier in McDonalds. I do so like intelligent employees, but, the absurdity is that this "is" absurd instead of exceptional.

Economic research has only a tenuous relationship to economic policymaking in Washington. President Obama’s new proposal to raise the federal minimum wage from $7.25 to $9.00 is a case in point. It would bad for workers and the economy, but the administration seems to be ignoring the large body of theory and evidence on the issue.

Labor economist Mark Wilson discusses the economics of the minimum wage in an essay on Downsizing Government. Here are a few highlights:

There is no free lunch when...