Quote:
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Originally Posted by Sauron
Quote:
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Originally Posted by ManM
An increase in minimum wage will increase the cost of unskilled American labor.
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Except that the data doesn't indicate that.
To the amazement of classical economists who predicted that a hike in the minimum wage would reduce the number of people being employed at the margin, as well as put small business owners out of business, the reality has been quite the opposite. |
Did you leave out part of your response, Sauron? It looks like you're a) making the rather absurd claim that a minimum wage hike will not increase the cost of unskilled labor and b) actually responding to ManM's first few numbered points, not the bit you quoted.