(April 30, 2014 at 5:41 pm)Statler Waldorf Wrote: Faced with a higher minimum wage employers will only reduce hours, cut positions, or raise prices. It is very basic economics but the real goal by those on the left here is simply to buy votes. We’d all be better off if we just allowed the market to determine the minimum wage and not the federal government.
Yeah, you're just as full of shit as the last guy.
![[Image: minimum-wage-vs-unemployment-rates-1950-jan-2013.png]](https://images.weserv.nl/?url=aneconomicsense.files.wordpress.com%2F2013%2F03%2Fminimum-wage-vs-unemployment-rates-1950-jan-2013.png)
![[Image: minimum-wage-vs-ratio-of-unemployment-ra...=584&h=401]](https://images.weserv.nl/?url=aneconomicsense.files.wordpress.com%2F2013%2F03%2Fminimum-wage-vs-ratio-of-unemployment-rates-1950-jan-2013.png%3Fw%3D584%26amp%3Bh%3D401)