Monday, October 06, 2014

Chicago Sun-Times Calls For Higher Minimum Wage : Chicago Sun-Times Editorial Thinks The Demand For Labor Isn't a Downward Sloping Curve


The Chicago Sun-Times editorial board wants a minimum wage increase. Even "educated" people know little about economics. Can't imagine how many journalism students have never seen this graph. It appears that increasing the minimum wage in Chicago hasn't worked. There are less jobs in Chicago in 2014 than in the year 2000, even though the minimum wage has been raised since then.