Comments on: Do we need minimum wage legislations? http://www.citizeneconomists.com/blogs/2009/03/11/do-we-need-minimum-wage-legislations/ Citizen Economists is an online economics magazine written by citizen journalists. These ordinary citizens provide reports and commentary on the current events affecting the economics of the fields they work in. Wed, 08 Feb 2012 04:44:52 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: GLC http://www.citizeneconomists.com/blogs/2009/03/11/do-we-need-minimum-wage-legislations/comment-page-1/#comment-7370 GLC Fri, 13 Mar 2009 10:30:30 +0000 http://www.amateureconomists.com/blogs/?p=99#comment-7370 Dan The problem is most laws have not changed with time. Probably when the concept of minimum wages first came up, they must have been relevant. But today the world is a different place. Certain things sound good when you speak on a stage but not in practice. Dan
The problem is most laws have not changed with time. Probably when the concept of minimum wages first came up, they must have been relevant. But today the world is a different place. Certain things sound good when you speak on a stage but not in practice.

]]> By: Dan McLaughlin http://www.citizeneconomists.com/blogs/2009/03/11/do-we-need-minimum-wage-legislations/comment-page-1/#comment-7321 Dan McLaughlin Thu, 12 Mar 2009 01:01:42 +0000 http://www.amateureconomists.com/blogs/?p=99#comment-7321 Hi G.L.C., This is not that hard to understand, yet thousands of professional economists can't see beyond their neat, orderly mathematicl models to see the obvious. They teach supply and demand to first year students and then throw it out the window. The very foundation of economics becomes a disposable item to them. Thanks for your wisdom. Hi G.L.C.,

This is not that hard to understand, yet thousands of professional economists can’t see beyond their neat, orderly mathematicl models to see the obvious. They teach supply and demand to first year students and then throw it out the window. The very foundation of economics becomes a disposable item to them.

Thanks for your wisdom.

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