[ProtectOurFreedom]

Timothy Noah, The New Republic. "...whatever increase a minimum-wage increase brings about in the cost of hiring is offset by an increase in economic efficiency attributable to a drop in turnover and an increase in productivity. When you pay workers a decent wage — imagine this! — they give their employers better value."

That is one of the most breathtakingly stupid economic arguments I've ever read.

But we shouldn't be surprised. Mr. Noah is a graduate of Harvard College, from which he obtained a degree in English in 1980. He was on the prose board of the Harvard Advocate. That explains his robust and brilliant economic knowledge.

[count-your-change]

I see. Now when I pay $4 for a gallon of gas instead of $2 it lasts longer and is a better gallon. The extra cost is offset by my driving less so efficiency rises. Brilliant!

Less turnover of gallons saving wear and tear on my truck, even more brilliant! I think I’m going to demand a doubling of my pay so I can be more efficient.