The Spectacle Blog

Edwards Economics

By on 7.23.07 | 9:36PM

I asked Andy Roth from Club for Growth about Edwards' proposal to increase minimum wage and its effect on unemployment. Here was his response:

"If you ask 100 economists, you'll get 100 different answers, but consider this: Labor costs would go up 75% for employers who pay only minimum wage ($5.15 to $9.00). That's not chicken feed to a lot of small business owners.

But why would Edwards increase it to $9.00? If he really cared about low income workers, he'd increase it to $10. Or even $15. Or maybe $400 an hour. I bet there are a lot of people who work harder than hair stylists, and thus deserve more."

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