This entry was posted on Sunday, February 26th, 2012 at 21:06 and is filed under Think about it..
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One Response to “Minimum Wage Causes Unemployment”
Why is this news? Anyone who’s ever taken even a minimal introductory course in macroeconomics already knows this.
The real question is this: Do we suffer higher unemployment to provide those who are employed with a wage they can live on?
Or do we eliminate unemployment by giving everyone a job which doesn’t pay enough to meet their need?
The choice between no job or a job that only pays half of what you need is a tough one. The math is draconian: half the people starve immediately, or all the people starve more slowly.
This is a circle that leftist theorists have never been able to square, and I doubt they ever will.