Principle: If the price of something goes up, people tend to buy less of it.
Application: Raise the the minimum wage, employers will hire fewer workers.
Illustration: "Officials at colleges in Illinois are warning that if the state hikes its minimum wage, it will have to cut hours for and even fire some student workers."
townhall.com/tipsheet/danieldoherty/2014/05/01/illinois-colleges-if-the-minimum-wage-is-increased-well-fire-student-workers-n1832210
So who are we really helping by raising the minimum wage besides the politicians trying to prove they "care" and the few left employed with their extra $25-$30/month?
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