2/21/13 - Economists disagree on whether the minimum wage kills jobs. Why?; How to Think About the Minimum Wage

Today's Articles:

The Washington Post
February 14, 2013
"Economists disagree on whether the minimum wage kills jobs. Why?"

"What happens when the minimum wage goes up? In theory, this should be simple. A hike in the minimum wage raises the cost of low-wage workers. That should make firms less likely to hire those people. Unemployment should rise. Basic Econ 101, right?"

The Daily Beast
February 14, 2013
"How to Think About the Minimum Wage"

"It’s easy to see why Barack Obama wants to raise the minimum wage. It’s popular with his base. It’s popular with unions, who dislike competition with low-wage labor. And it doesn’t cost the government anything except the cost of printing some new posters telling people what the minimum wage is."

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