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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (736742)	9/2/2013 7:46:52 PM
From: i-node	Respond to of 1577893

>> Most of the credible studies show little or no effect. Well, at least you're starting to cave a bit. "Little or no effect" is not the same as "no effect". But as my previous post pointed out, 75% of economists surveyed in 2008 said they believed it DID have an effect -- keeping in mind that most economists are liberals. But really, it is just common sense. I'm pretty sure I would have been aware of it after completing my 11th grade economics class. If you raise the price of anything, there are fewer buyers. We can argue about "how many fewer", but it really is an inarguable point to claim that you won't get fewer buyers when the price of labor goes up. The most important single reason this "economic recovery" has been jobless is that the cost of hiring has gone up, radically. An increase in minimum wage would be adding even more on top of that. Just doesn't make sense. The greatest economist of modern times explains it well. youtube.com