"Will You Stop Wanting To Destroy Our Economy?"
This post from blogger Max Sawicky demonstrates why college economics courses, at least at the introductory level, are nothing more than indocrination organs for neoclassical conservatism.
Yes, yes, in Econ 101 they taught you that creating price floors (minimum wage) produce surpluses since apparently the workers have become too expensive for employers to hire. But one does not have to take an upper division course in economics to know that raising the minimum wage does not create labor surpluses. How many times have we raised the minimum wage in the past without creating unemployment? Hell, in terms of inflation, minimum wage is LOWER than it was in the early seventies, so don't pay attention to the conservatives' pet theories about minimum wages being bad for the economy.