Economics Is Super Hard, Y’all (Part III)

“Asking a liberal where prices and wages come from is like asking a six-year old where babies come from.” -Thomas Sowell

It’s all come to this, the final showdown. The third and final part of my debate with Mr. S begins on page 2 after a brief aside. This third part contains a lot of graphs and charts that present data in an easy-to-digest form, but also has enormous walls of text. Wait, that’s how I’m going to start this? Let me try this again: Inside you’ll find many of my arguments presented with pictures to visually represent vast amounts of data, making it easier to see and understand. (There, that’s much more fun!)

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Economics Is Super Hard, Y’all (Part I)

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“The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him.” Leo Tolstoy

In case you haven’t heard, lately there’s been a lot of debate concerning the minimum wage. Opinions are varied but among those who are most outspoken on the matter, most want the wage to be raised to $11 per hour. Every side brings up important points, but what most human beings forget to do when debating is to let the facts dictate opinion instead of the other way around. This may bother you, and if it does I hope very much to convince you, but I believe that the minimum wage ought to be abolished. As in, a $0 minimum wage. And about 50% of economists agree on that point. If you don’t, but you’re open-minded and willing to learn, read on.

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