Quote Of The Day

“It seems very likely to me that the small number of people made redundant as a result of a modest minimum wage hike are very likely to be the worst off of the poor: convicted felons, recovering drug addicts, welfare mothers, the cognitively disabled, high school dropouts, those whose backgrounds were too chaotic to impart good work habits. The well-connected, well-socialised middle class teenaged and twenty-something students, on the other hand, seem disproportionately likely to keep their jobs. There is also the moderately well-supported possibility that high minimum wages encourage short-sighted teenagers to drop out, or reduce their studying,in order to take jobs”.–The Economist on the minimum wage