July 29, 2016

Minimum Wage, Maximum Ignorance

(Steven Hayward) William F. Buckley Jr. used to speak of the "invincible ignorance" of liberalism, and there's hardly a better example than the minimum wage. Generally the first thing you learn on the first day of Econ 101 is that if you raise the price of something, you'll reduce the demand for that something. Including labor. So it's fun to notice this morning that the city of Seattle, which threw out both

Source: Power LinePower Line