Quote from Covertibility:
The book needs to be rewritten to reflect the real world.
Example: 19. Minimum Wage Laws
"There is no escape from the conclusion that the minimum wage will increase unemployment."
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This is proven to be false. Robert Reich is the latest I know of to show that states with higher minimum wage laws had higher growth rates and lower unemployment. The Clinton Administration had a similiar study conclude the same thing back in the 1990's.
Robert "Third" Reich who hopes white males don't get the spedulus construction jobs? He isn't fit to run a lemon-aide stand.
Such studies are almost always full of question-begging and leave out crucial details. If I have to pay my janitors $15/hr instead of $10/hr, ceterus paribus, I'll be hiring fewer of them.