[Uncle Miltie]

An artificial price increase to P+td (the minimum wage) will result in a reduction in the quantity demanded (reduced employment) from Q2 to Q1. The Deadweight Loss will be shared between employers (upper triangle) and employees (lower triangle) accordingly. In other words, EVERYONE LOSES.

For more information, take Econ 101. In the mean time, quitcherbitchen.

[AmishDude]

No, all of that is too complicated. It's more simple than that:

Mr. Krabs will be forced to fire Spongebob.

[Hardastarboard]

in some states, where the job market in the area is already constricted, small businesses are already paying employees far more than the Federal minimum,

Gee, that odd little thing called supply and demand, otherwise known as the marketplace. Who would have thought?

You would be banned over at DU for showing something so "right wing" as a cartesian graphic showing the effect of price on demand. Marx didn't need all of those fancy "right wing" numbers and graphs to prove his economic theories.

He knew that those things don't matter, as long as you have the best interests of the people at heart, and are out to screw the bourgeousie that are the root cause of poverty. Don't think you can fool me with a few fancy lines on a page, mister. I have the best interests of the people at heart.

/insane leftist "economist" rant