What Progressives Tend to Forget…
F
Frank Parlato · June 9, 2016
SharefXin✉
Some argue that the rise in minimum wage impacts the economy negatively by increasing unemployment rather than creating a living wage. The owner of the recently shuttered subway at 2739 South Park Ave., Lackawanna, NY., had reason to agree – as the sign shows. What many economists understand is that government mandated rising costs of employment tends to translate to unemployment not necessarily greater prosperity. How could it be otherwise?
SharefXin✉
Here's what Conservatives tend to forget…
Your magical invisible hand of the marketplace has completely failed in keeping wages up with the cost of living.