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Minimum Wage, Maximum Foolishness

Jerome41 Wrote: Mar 08, 2013 1:43 AM
He wanted to imply it to the reader. Why even come up with a 24% figure, if not to put it in the head of the reader? Just lazy price speculation on the cost of a Big Mac. But an increase in MW will increase the money spent by consumers, which will help fuel the economy, to a certain degree.

Should the federal government make life more difficult for low-skilled workers?

I hope everyone will emphatically say “NO!”

Heck, most people understandably will think you’re crazy for even asking such a preposterous question.

But some of those people will also think that it’s a good idea for politicians in Washington to make low-skilled workers less attractive to employers by raising the minimum wage.

I often ask such people whether they are more likely to buy a Big Mac if McDonald’s raises the price by 24 percent. They say they are less likely.

Minimum Wage Cartoon 2