bitchy asides...

[wendy lyon]

MScoleman at aol.com wrote:
> 
> In fact, the unemployment rate has fallen significantly following the recent
> increases in the minimum wage.  The argument, which can even be found in some
> mainstream texts these days, is that an increase in min wage increases
> consumption spending, which increases effective demand, creating more jobs.

Interesting, about five years ago I based my Introductory Economics 
term essay on this hypothesis, which I thought I'd just pulled out 
of my arse ;)

I'm really curious what any of the list economists have to say about
this.

wendy

ruadh at hooked.net