Wednesday, January 10, 2007

A quick lesson

If what you do is worth less than the new minimum wage, what happens?

Hint: You don't make the minimum wage.

The good news: a very small percentage of workers and business owners will be affected by a minimum wage increase (because so few workers actually make that little). Those who are, however, face catastrophe.

Economics is simple, yet the vast majority of people don't get it.

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