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To: NormsRevenge

This guy sold his soul to the Clinton administration. When it came to increasing the minimum wage he basically said the "Demand for labor slopes up." He concluded that an increase in the minimum wage would actually increase employment. He ignored the arguments in his own text book which clearly stated the demand for labor like all other goods and services is inversely proportional to the wage (price of labor).

After he sold his soul I quit listening to a single word he ever said since. LOL.


42 posted on 01/07/2006 7:18:42 PM PST by daviscupper
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To: daviscupper

When one considers the Nobel prize in economics, one must understand that these people think that Arthur Laffer's discovery of quadratic equations was earth-shatteringly profound.


173 posted on 01/07/2006 8:33:22 PM PST by AmishDude
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