Tuesday, October 19, 2010

A recipe for 10% unemployment ad infinitum

H/T Tyler Cowen

In four years' time, the minimum cost of labor will be a $7.25 cash minimum wage and a $5.89 health minimum wage (family), for a total of $13.14 an hour or about $27,331 a year.
This of course excludes another $2 or so in other taxes and charges.

Gee, the euro's have proven that this is madness over and over again.  But our Ivied elite figure, 
why not try it again?  Rule by lawyer:  chaos.


















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