Thursday, October 12, 2006

650 Economists Agree

George Bernard Shaw has been quoted as saying, "If all economists were laid end to end, they would not reach a conclusion." But yesterday Reuters reported that hundreds of economists agree that it's time to raise the minimum wage:
"We believe a modest increase in the minimum wage would improve the well-being of low-wage workers and would not have the adverse effects that critics have claimed," the group including renowned academics for top U.S. universities said in a statement disseminated by the Economic Policy Institute."
650 economists signed on to the statement, which is available here.

3 Comments:

Blogger jason said...

If you make me pay more than $6.50 and hour for labor I'll move my pizza parlor to India. Just try me.

4:48 PM, October 12, 2006  
Blogger TommyWonk said...

Good point Jason. There are some jobs, many of which pay the minimum, that cannot be done by remote control.

5:26 PM, October 12, 2006  
Anonymous Nancy Willing said...

well, if that is what we are expected to resort to, minimum wage no bennies, then there will be a public revolt!!! maybe 2006 elections

12:37 PM, October 14, 2006  

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