In the case of the minimum wage, the only thing you need think about is that workers at the bottom of the economic ladder will get paid more. Period. Stop there. No more questions are to be asked. You simply declare that you are in favor of workers making more money.
The problems with this position are not evident until a step or two into the economic thought process, a thought process that is never pursued because it would make the good intentions problematic.
The problems with this position are not evident until a step or two into the economic thought process, a thought process that is never pursued because it would make the good intentions problematic.
http://vereloqui.blogspot.com/2014/05/fairy-tale-economics-minimum-wage.html