Quote of the Day

. . . we should not have a major party promoting, as a centerpiece initiative and for perceived electoral gain, a law that might put half a million vulnerable people out of work, and that during a slow labor market. --Tyler Cowen. He is quite right, of course.

The CBO’s Minimum Wage Analysis Should Surprise Precisely No One

The Congressional Budget Office has come out with an analysis of what might happen if the minimum wage is increased to $10.10. That analysis consists of the following major points: A minimum wage increase "would significantly boost income for about 16.5 million workers, raising their income by $31 billion and potentially pulling nearly 1 million …