Quote:
Originally Posted by Tinordi
To say that the economic research either argues that minimum wage laws are bad demonstrates that you aren't current with the newest research on the effects of minimum wages.
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When I was in high school, I did an experiement where, if I had extropolated my results, I would've discovered a source of infinite energy.
I see these minimum wage studies as very similar. Push the minimum wage high enough, and there will be adverse effects. It is simply not possible to create infinite wealth, just like it's not possible to create infinite energy.