It is astounding that after decades of empirical evidence, there continue to exist misguided minds with no understanding of simple supply and demand and how these relate to the minimum wage debate.

Numerous studies across different times and locations have shown that higher mandatory wages equals higher unemployment for low skilled workers. This is a fundamental economic law like gravity.

The Keynesians out there have always argued that you can have your cake and eat it too (don’t pay attention to the spiraling debt and inflation accompanying their policies), but this way of thinking has killed economic progress for the underprivileged by plunging them into higher unemployment rates rather than the utopian pie in the sky promised by its advocates. Forcing wages higher increases the rate of unemployment for the most vulnerable in society and drives the eventual replacement of these workers by machines.

-SNIP-

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