Relevant and even prescient commentary on news, politics and the economy.

Minimum Wage: the Jimmy the Stock Boy Fallacy

by Bruce Webb Politicians tasked with convincing democratic majorities that they should oppose minimum wage increases generally fall back on the economic argument that such increases simply lead to job losses. Often they go on to point out that these losses fall disproportionately on the young, the unskilled, or minorities. Before examining whether this argument […]