All Commentary
Thursday, June 7, 2012

Congressman Says Higher Minimum Wage Would Boost Economy

“Representative Jesse L. Jackson Jr. tried to give new vitality to the issue of the federal minimum wage on Wednesday, coming at the debate with a fresh angle: that raising it might encourage Americans to spend more and, thus, help stimulate the nation’s struggling economy.” (New York Times)

Two fallacies in one.

FEE Timely Classics
“Consumer Spending Doesn’t Drive the Economy” by Mark Skousen

“Minimum Wage, Maximum Folly” by Walter E. Williams