Re: What exactly do they teach in college economics?
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I'm pretty far left leaning politically and I also happen to have a degree in Statistical Economics and even I can't make up an intelectually honest story about how a minimum wage would increase employment.
You can't just create benefit out of nothing...as one of my old econ profs used to say "it's like Maaaaaanaaa frrooom Heeeaaven"
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Dont you see? Once all those poor people have extra monies they will spend it on more consumer goods which will create more jobs for poor people! Easy Monies LOL!!! [img]/images/graemlins/laugh.gif[/img]
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