In response to:

Obama’s Minimum Wage Plan

Dan883 Wrote: Feb 18, 2013 12:27 PM
Well said. I used to work for a very well run restaurant chain. They were family owned and actually, contrary to liberal dogma, cared a great deal about all their employees. Many employees were paid minimum wage plus tips. When the minimum wage was increased was the cost of meals increased. All restaurants raised their prices, from McDonald's to Mimi's Cafe. When the minimum wage goes up the standard of living for the poor and middle classes goes down. Not smart. Not helpful. PTVoice at http://www.thussaithme.blogspot.com/

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...