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Friday, May 27, 2011

Understand how minimal wage law putting people out of work

As not all products worth $7.50 apiece, not all jobs worth paying $7.50/hour for.
Somehow this simple idea doesn't get through unusually thick skulls of a typical populist kind.

Here's an article which argues why minimal wage law is anti-economic and anti-human. Although it has been published in Forbes it's still require a bit more intellectual power then an average high-school grad posses. So, if you are a regular listener of NPR - just move along, there's nothing to see here.

Otherwise, enjoy

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