Starvin Larry

This is a very good analysis of the economics of minimum wage laws. Show it to all your liberal do-gooder acquaintances, not that they’ll actually read it. From Lance Roberts at davidstockmanscontracorner.com:

What’s the big “hub-bub” over raising the minimum wage to $15/hr? After all, the last time the minimum wage was raised was in 2009. The argument for increasing the minimum is to create a “livable wage” for those working at that level.

Given the amount of table pounding that has ensued after the current administration proposed increasing the minimum wage, you would have assumed that a vast majority of American workers were trapped at this horrifically low level of income. Let’s take a look at some numbers.

According to the April 2015, BLS report:

“In 2014, 77.2 million workers age 16 and older in the United States were paid at hourly rates, representing 58.7 percent of all wage…