In response to:

Obama’s Minimum Wage Plan

kenneth416 Wrote: Feb 18, 2013 11:52 AM
Daddio7, you may be on to something here. If we banned computers, for example, and required people to do all mathematical computations with old-fashioned paper and pencil (no ink), just think of all the jobs which would be created, making paper, pencils, etc. And the sales clerk at the store would actually have to learn how to make change!

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...