How many people who recognize that American firms have a more difficult time staying in business — or must reduce their costs of production — the lower are the prices charged by foreign competitors are the same people who dismiss the idea that a higher minimum-wage is a burden significant enough to cause firms to economize further on their use of low-skilled workers?
Just asking.
In a related vein, Philip Greenspun asks similar questions.
(HT Eric Hanchrow)
