[Mr. Mojo]

However, our estimates also suggest that the higher wages led to the elimination of more than 5,000 low-wage jobs. Standard economic theory predicts that employers will reduce their demand for labor given a higher wage.

Leftists just can't seem to comprehend this fact, no matter how many times it's proven in the real world.

I'm surprised the Seattle times published this.

[Mrs. Don-o]

Beat me to it. I was just going to say: how unusual, how refreshing, to see an honest assessment of the risk/benefit, cost/opportunity, gain/loss calculus which must be applied to *every* prudential judgment in the real world.

So it’s not just evil greedy capitalists vs poor exploited workers, eh?

Who’d’a think it?

[BobL]

” Leftists just can’t seem to comprehend this fact, no matter how many times it’s proven in the real world.

Yes, they do, for sure. DO NOT EVER underestimate the intelligence of the Left - they are far more intelligent than our side (or Obamacare would have been dead months ago). That really is our biggest mistake - thinking that they’re either dumb or misguided. Nope, they know EXACTLY what they are doing - they are PURE EVIL and need to be sent to the ash heap of politics.

[jughandle]

That and they firmly believe the owner of any business large or small is just overwhelmed with profits and too greedy to pay employees.