Re: conservatives/libertarians position on the minimum wage might charitably be termed 18th century
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Re: conservatives/libertarians position on the minimum wage might charitably be termed 18th century         

Group: sci.econ · Group Profile
Author: Les Cargill
Date: Oct 18, 2006 13:21

Nospam wrote:
> Robert Bunn wrote:
>
>
>>It is worth noting here that there is certainly disgreement among
>>professional economists on this issue, with credible and respectable
>>representatives on both sides.
>
>
> That is when politics take over economists. It is strange to see so many
> economists prostituting themself on the right wingers side.
>
> What is very clear, is that polarization it is harmfull for the economy:
>
> http://www.angelfire.com/planet/dragonomics/polarization1.pdf
>
> Minimum wage increase can help to reduce polarization.
> That by itself can be good enough for the economy.
>
>
>

It will not make any difference whatsoever. As soon as the minimum
wage rises, the stuff people who make minimum wage buy goes up
proportionally.

--
Les Cargill
348 Comments
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