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Comment by hirundo

Opponents of a minimum wage need only believe that increasing the price of a thing tends to proportionally decrease the demand for that thing. This is simply a statement of the law of supply and demand, which is (though weaker) the economic equivalent of physics' F=MA.

Proponents of a minimum wage need to believe that in this particular case, raising a price does not proportionally decrease demand. While this may be true (economics ain't physics), the burden of proof lies with the proponents, since it would be a contradiction of probably the most well established "law" of economics.

If you feel that the data in this and similar studies are inconclusive, to the extent that you respect the discipline of economics, you should oppose a minimum wage.

parent hirundo 9 years ago

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