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Welcome to The Simple Economist

Why this blog? To simplify and present important and interesting ideas for you.

For a more detailed answer, check this.

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Raise the Minimum Wage, Create Jobs?

Calls for an increased minimum wage have grown louder in recent years. Concerns over the lack of a living wage paid to sweat-shop workers have also been raised. Can raising wages by government fiat create employment, or is it counterproductive?

So, why?

Economics and mathematics are full of rich, interesting, and highly significant ideas. It is thus tragic that many of these ideas remain confined to highbrow journals and dull textbooks. They must see the light of day, be taken out in the open and revealed for the world to revel in. And…

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