"Economics 101 tells us to be very cautious about attempts to legislate market outcomes. Every textbook — mine included — lays out the unintended consequences that flow from policies like rent controls or agricultural price supports. And even most liberal economists would, I suspect, agree that setting a minimum wage of, say, $20 an hour would create a lot of problems."-Paul Krugman (who supports modest increases to the minimum in line with inflation,)
Posted on: Sun, 06 Oct 2013 13:08:37 +0000
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