The Public Discourse

Between Two Worlds links to The Public Discourse, a site with thoughtful, well-argued essays on “ethics, law, and the common good.” Here’s a quote from a typically well-written essay, titled “Unemployment and the Minimum Wage“:

That the minimum wage contributes to unemployment is a matter of elementary economics and common sense. As everyone admits, a higher price for a given commodity tends to depress demand for that commodity. Raise the price of cars, and people will buy fewer cars, choosing to get along with the ones they already own. This is true of labor as it is for any other article of commerce. By artificially increasing the price of labor, the minimum wage deters some employers from offering employment, because they perceive that the work they have in mind is not sufficiently productive to justify the payment that the government requires. They choose to get along with the employees they have.

Advertisements

About B Treece
loved by God before I ever loved Him, saved by grace alone through faith alone in Christ alone by the authority of the Bible alone to the glory of God alone, made to enjoy Him forever, happily married with wonder-filled children.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: