On: Economists agree: Raising the minimum wage reduces...

[altedork]

So I hope those skinflints do just raise the minimum wage a tiny bit. They need to raise it a lot. A minimum wage of $50.00 per hour would relieve a great deal of poverty. P.S. http://cafehayek.com/2014/01/the-wages-of-journalist-incompe...

[dc2k08 → altedork]

No it wouldn't. The amount of dollars you would need to exchange for goods and services would just increase while the exchange rate for dollars would decrease.