[lbo-talk] What's the deal with conservatives, economists, and the minimum wage?

[Jordan Hayes]

> When you raise the price of something you reduce the  demand for it, 
> whether it's porridge or labor.

My favorite counter-example of this "well known truth" is the 
pre-listing action in hot IPOs.  Raise the price?  BIG increase in 
demand.


:-)

/jordan