“If we took away the minimum wage-if conceivably it was gone we could potentially virtually wipe out unemployment completely because we would be able to offer jobs at whatever level.” Congresswoman Michelle Bachman
I am not a Rhodes Scholar; I went to a community college and then Penn State, it took me 9 years to get through college and I struggled with the economics courses but that makes no sense what so ever.
Does the Congresswoman think that companies would hire more people if they didn’t have to pay them the minimum wage? They would keep the same staff just pay them less.
Has anyone considered slavery; unemployment in the slave holding states was pretty low in the first half of the 19 century.