Saturday, February 10, 2007

Every year we run a vast test sample of the minimum wage raise/job-loss correlation

Every year we run a test of the wage-hike/job-loss theory on a sample 20 times larger (!) than the 6 million who would be directly affected by the current minimum wage hike proposal: the 120 million American workers who get raises every year -- and do not lose their jobs over it.

It works like this: everybody gets a raise every year to make up for everybody else getting a raise every year -- everybody that is except minimum wage workers who have had two, two-step raises since Jimmy Carter was president.

If they finally get a raise, we may confidently assume that everybody else will just get a teensy higher annual raise to match the teensy higher cost of living.

No comments: