Worstall--and Landsburg--on raising the minimum wage

Tim Worstall does a fine job--in a short space--of analyzing an increase in the minimum wage. (Note, though, that his conclusion essentially retraces an earlier analysis by Steven Landsburg.)

Comments

[Ironman]

For just the effect of raising the minimum wage upon a business, there's a simple tool that takes the work out of the math:

http://www.inblogs.net/politicalcalculations/2006/10/minimum-wage-and-small-business.html

(Much shorter link: http://tinyurl.com/yge3eg)