The_Nerd_Warrior Wrote:
Nov 14, 2012 7:33 PM
I understand your emphasis, Dr. Sowell, but minimum wages increase NET unemployment. When employers aren't allowed to hire people for peanuts for jobs that deserve nothing more, and employees are similarly disallowed from getting jobs just to scrape by on until they find something better... it positively RUINS an economy. More than inflation, more than bailouts, more even than TAXES, the minimum wage is a needle in the heart of a competitive capitalist economy.