John Polomny

Why Minimum Wage Increases Are Good, Just Not Now

I am suprised that Mr. Riddix doe not know that the minimum wage dispoportionaily hurts lower skilled workers and African Americans. The arbitary raising of wages by the state does not come with a consumate increase in productivity. Therefore if the employee is not productive at hi/her new wage then the business will terminate him or not hire him to begin with. Henry Hazlitt, who lived during the lst depression wrote an excellent book called "Economics in One Lesson" which dispels wive tales like minimum wage laws, the broken window fallcy, and that wars create wealth.

Whidbey: Please link to the academic studies you are referring.