“It would be comforting to believe that the government can simply decree higher pay for low-wage workers, without having to worry about unfortunate repercussions, but the preponderance of evidence indicates that labor is not exempt from the basic economic principle that artificially high prices cause surpluses. In the case of surplus human beings, that can […]
The piece below was put together (I think) by Steven Anglin. I came across it on Facebook the other night (h/t Laura Fichter) and thought, “I have to share this on my blog!” I’ve been trying to contact Steven to confirm his authorship but haven’t heard back, yet. Meanwhile,… Some of you may be thinking […]