Friday, January 12, 2007

More On Minumum Wage

This sounds a lot like what I've been saying all along.
"The law of supply and demand works in the labor market, too. If government mandates a higher minimum wage, some workers will get a raise. Some. But something else will happen. Employers will hire fewer low-skilled workers. Others will let some current workers go. Some will choose not to expand their businesses. A few will close altogether." ---John Stossel

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