Always Negative

Mark Perry and the WSJ point out what anyone who understands basic Economics already knows… the overall effect of a minimum wage increase is always negative and can not be positive.

After all, if minimum wage laws could have positive net effects and politicians can legislate the creation of wealth with artificial price controls, why are they always being so stingy and miserly with such pitifully small increases; why don’t they boost the minimum wage for unskilled workers up to something more respectable like $25, $50 or $75 per hour?

As I’ve said before, if what you do isn’t worth the minimum wage, the law requires you make $0