Some ugly, cold-hearted people responding here with the same old obfuscation, ”If that’s all that…
Carl Evanoff
51

With all due respect, Jesus was not an economist. Several people here have explained the employment effects of a high price floor that keeps wages above the equilibrium wage. The other way such a price floor can be absorbed is by inflation, which would wipe out the real value of the wage increase.

They don’t call it the dismal science for nothing.

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