What makes you think the dems wouldn’t vote for it? When companies start laying off it’ll be the corporations’ fault.
don, not long after Beck’s TV show started some black guy suggested giving everyone a million dollars.
I think it might have been Williams, an economist, trying to demonstrate the fallacy of minimum wage laws.
Kahn Academy has an economics class on rent control, showing how the rent control laws distort the market, leading to less value being created, but also leading to higher share of the value being accumulated by a loud minority.
for minimum wage laws, the beneficiaries are union scale workers whose wages are calculated as a multiple of the minimum wage, if their wages are a small part of the project (not closing down the project due to costs).