vulgar economics
Kay Brooks provides quite the revelation in the field of vulgar economics in her groundbreaking condemnation of the minimum wage:
Every time the minimum wage is raised this family of six with a median income is left with less buying power because employers raise the price of the goods and services we need to accommodate that raise.
Really? They’d raise prices? Just like, that, huh? Why didn’t they just do that now? I think Kay is on to something here.. why, without the minimum wage cost floor, they could simply raise prices and become MILLIONAIRES!!! I wonder why they don’t.. What? What’s that? Oh, sorry, my friend Common Sense wants to say something here. Yes, Common? What is it?
