We have seen the future, and it sucks.

Minimum Wage Causes Unemployment

26th February 2012

One Response to “Minimum Wage Causes Unemployment”

  1. Dennis Nagle Says:

    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.