Raising the Minimum Wage

[wufwugy]

Don't forget: experiment suggests raising minimum wage does not necessarily raise unemployment.

http://davidcard.berkeley.edu/papers/njmin-aer.pdf

The study doesn't come close to evaluating the minimum wage due to a million uncontrolled for variables. As I've said before, about half the studies have shown increases in unemployment and about half have shown decreases, yet about all of them are worthless for the aforementioned reason of unassessed variables.

Economics is rigorous logic with a smidgen of data. Popular sentiments have it backwards. They think any set of data points are key to whatever economic claim they want and the logic doesn't matter.. Sure, logic can get you in trouble, but so does driving a car, but the fact that driving a car can be hazardous doesn't mean the fastest way to get someplace is to jog.