Comment

Tom Delay: People Are Unemployed Because They Want to Be

220
Obdicut (Now with 2% less brain)3/08/2010 10:21:11 am PST

re: #212 Aceofwhat?

No it is not. Showing that not a lot of people are attacking something is not the same thing in the least. I will grant you easily that amongst Austrian economists it is a consensus that that is causative rather than correlative.

It is trivially true that some jobs will vanish in a minimum wage hike, because the value-added of those jobs is both measured and the hike raises the wage above the level of that job. It is not true that that has been shown to be, in general, a widespread phenomenon.

Here’s a reasonably good article:

epi.org