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Suppose you have a lump of labour. Then, the higher the (weekly) minimum wage the longer the average week and the larger the unemployment rate.

We have met the enemy, and he is us — Pogo
by Migeru (migeru at eurotrib dot com) on Thu Jan 3rd, 2008 at 04:54:59 PM EST
[ Parent ]
That depends on how the labour week length is flexible... I'm not so sure many people would work more if they earnt more. I know I wouldn't.

Auferre, trucidare, rapere, falsis nominibus imperium; atque, ubi solitudinem faciunt, pacem appellant.
by linca (antonin POINT lucas AROBASE gmail.com) on Fri Jan 4th, 2008 at 06:31:15 AM EST
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