Earlier this year I made a trip to Australia where the minimum wage is $15/hr. Australia suffers from a staggering unemployment rate of almost 5%.Howie P.S.: Sumner was responding to an editorial in the New York Times: "A Minimum Wage Increase."
Sunday, March 27, 2011
Today's Helpful, Optimistic Observation about Unemployment
Mark Sumner (Daily Kos):