Tue, 10 May 2005

Job Destruction

Politicians usually brag about how they created X jobs during their rein. I wonder how many New York politicians are going to brag about having destroyed jobs? That is, after all, what they did by signing the minimum wage bill into law. Nobody knows exactly how many people will be thrown out of work by this bill. And yet we economists can say without any doubt that some people will be thrown out of work.

I've blogged about this before:

Aug2609:07minimum-wage3
Aug2311:40minimum-wage2
Jul1202:58minimum-wage-really
Jul100:41minimum-wage-wwjp
May242004a-living-wage
May242004minimum-wage
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