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August 19, 2011

"Economic bimboism is rampant in Washington."

The Center for American Progress held a forum earlier this summer arguing that raising the minimum wage would create more jobs. For this to be true, you have to believe that the more it costs a business to hire a worker, the more workers companies will want to hire. -- Stephen Moore: Why Americans Hate Economics - WSJ.com

Posted by Vanderleun at August 19, 2011 11:48 AM. This is an entry on the sideblog of American Digest: Check it out.

Your Say

Yep. That's liberal logic.

Posted by: RedCarolina at August 19, 2011 1:33 PM

And if we just raise the minimum wage to $50.00/hour, we can eliminate poverty and make everybody rich.

(When I was a know-it-all lefty back in my twenties, I met a Libertarian guy who said that to me. It didn't change my mind right away, but it made me stop and think. He planted a seed of doubt in my mind about leftist orthodoxy, and though it took years to bear fruit, it was the first chink in my liberal armor and it stayed with me.)

Posted by: rickl at August 19, 2011 4:56 PM

It's not a minimum wage law. It's a minimum skills law. If you don't have skills worth the minimum wage, you will not be hired. If you are a teenager with no skills looking for a summer job, forget it.

Posted by: Ray at August 20, 2011 9:45 AM

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