"So what are the effects of increasing minimum wages? Any Econ 101 student can tell you the answer: The higher wage reduces the quantity of labor demanded, and hence leads to unemployment."

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Source : "Krugman Contra Krugman on the Minimum Wage?" by Benjamin Powell, www.huffingtonpost.com. December 12, 2013.

Paul Krugman

#Wages Quotes #Minimum Wage Quotes #Answers Quotes

“It seems to me that the moralist is the most useless and contemptible of creatures. He is useless in that he would expend his energies upon making judgments rather than upon gaining knowledge, for the reason that judgment is easy and knowledge is difficult. He is contemptible in that his judgments reflect a vision of himself which in his ignorance and pride he would impose upon the world. I implore you, do not become a moralist; you will destroy your art and your mind.”
“I've never met a leopard print I didn't like.”
“It must infuriate our children to see us always so much more forbearing with everybody else's.”
“Amber, you could never embarrass me." "Never?" she asked. "Never." "One time, I yelled across the store to Mom and asked her if she wanted the regular or the super-absorbent tampons. I added that, according to the box, the super-absorbent were for those heavy days. Then I asked her to rate her heaviness on a scale of one to ten." "Okay, you could." "Then while we were standing in line, I asked her why she was buying three boxes of Summer's Eve in the middle of winter." I set her at arm's length. "Wow." "I know, right? I had no idea a person could turn so red.”
“"Failure" isn't a word I really use. I am a very resilient person; I bounce back extremely fast, and I believe in myself and my talent as an artist.”
“It's so much easier to pray for a bore than to go and see one.”
“We treat this world of ours as though we have a spare in the trunk.”
“The Church alone, being the Bride of Christ and having all things in common with her Divine Spouse, is the depository of the truth.”

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