The Right Coast

Editor: Thomas A. Smith
University of San Diego
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Thursday, February 21, 2013

Obama's Minimum Wage Hike: A Case of Zombie Economics | RealClearPolitics

Numerous studies have shown that when the real minimum wage is pushed above the prevailing market wage for unskilled workers, jobs are lost and others never created. The government can promise a higher wage rate, but if a worker loses her job, her income (hourly wage x hours worked) will be zero.

via www.realclearpolitics.com

http://rightcoast.typepad.com/rightcoast/2013/02/obamas-minimum-wage-hike-a-case-of-zombie-economics-realclearpolitics.html

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