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Repeal Minimum Wage Laws, Restore Employment
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Repeal Minimum Wage Laws, Restore Employment

Scrap Minimum Wage Laws

02/06/2012
That Which is not Seen: The Hidden Evils of the Minimum Wage
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That Which is not Seen: The Hidden Evils of the Minimum Wage

“Between a good and a bad economist this constitutes the whole difference – the one takes account of the visible effect; the other takes account both of the effects which are seen and also those which it necessary to foresee.”~ C. Frederic Bastiat, 1801-1850

06/09/2011
Why Imminent Minimum Wage Hike Will Boost Unemployment And Depress Consumption
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Why Imminent Minimum Wage Hike Will Boost Unemployment And Depress Consumption

Politicians are proving Milton Friedman’s observation that “the government solution to a problem is usually as bad as the problem,” true once again (the Milton Friedman video below complements this blog post aptly). This time they are raising the federal minimum wage from $6.55 to $7.25 on July 24. This will be the third and final boost in a three-step plan by the federal government, based on legislation passed two years ago. 

07/15/2009
July’s minimum wage increase could effect college attendance
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July’s minimum wage increase could effect college attendance

Minimum wage is set to increase from $6.55 an hour to $7.25 on July 24th. The Wall Street Journal article “Mandating Unemployment, congress prepares to kill more jobs”, from July 13, 2009, raises the question of who this raise will benefit, and who it will hurt. According to the article, David Neumark, an economist from University of California, Irvine, believes “the 70-cent per-hour minimum wage hike this month would kill ‘about 300,000 jobs for those between the ages of 16-24’”.  As of June, 2009, 24% of American teens are already unemployed.

07/13/2009

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