All Hank, all the time.

[Mmmm, Burger (C.J.)]

Originally posted by Sidd Finch
So what? If the product of a business enterprise is not sufficiently valuable that the owner can afford to pay people enough to create that product, then the business is not worth pursuing.

I don't disagree with that.

But if you introduce the minimum wage into the equation, then you invalidate your own hypothesis. I think what you're inclined to say is that "If the product of a business enterprise is not sufficiently valuable that the owner can afford to pay people the minimum wage to create that product . . . " Because, in so doing, you're ascribing a normative value to "enough". But, perhaps I'm assuming too much.

Ty: I was refering to Card and Krueger, whose study on this has been challenged on a host of grounds.

you can start here, wiki, if econ 1 leaves you wanting.