• 14 hours China: The New King Of Caviar
  • 20 hours Gold Mid-Tiers Rally On Fresh Earnings Reports
  • 2 days Can The British Pound Overcome Brexit?
  • 2 days Is A Gold Breakout Near?
  • 3 days Federal Reserve Downgrades U.S. Growth And Cuts Rate Hikes
  • 3 days Disney Beats Out Comcast In $71.3B Mega-Merger
  • 3 days The Feds Continue To Prop Up Equities Markets
  • 3 days Bejing's Sway In South China Sea Is Fading
  • 4 days Saudis Eye Billions As Stocks Get Emerging Market Boost
  • 4 days Airbnb In Acquisition Mode Ahead Of IPO
  • 4 days Gold Hangs At $1,300 Ahead Of Fed Meeting
  • 4 days Champagne Sales Slow As European Economic Worries Grow Louder
  • 5 days Putin Signs “Digital Iron Curtain” Into Law
  • 5 days Russian Metals Magnate Sues U.S. Over Sanctions
  • 5 days Tesla Looks To Jump Into Indian Market
  • 5 days Global Banks Lay Groundwork To Re-Inflate Asset Prices
  • 6 days Homeowners Experiment With Risky New Investment Trend
  • 6 days U.S. Tech Stocks Look Increasingly Vulnerable
  • 6 days De Beers To Expand World’s Most Profitable Diamond Mine
  • 6 days Ford CEO Gets Raise After Massive Layoff Round
Lending: The Good, Bad, And Ugly

Lending: The Good, Bad, And Ugly

Aristotle said, “The most hated…

The Chatroom Cartel Running Global Bond Markets

The Chatroom Cartel Running Global Bond Markets

Eight major banks have been…

  1. Home
  2. Markets
  3. Other

Inane Analysis on 'Who Benefits from a Higher Minimum Wage'

Without any analysis or comment, Barry Ritholtz posted EPI propaganda on "Who Benefits from a Higher Minimum Wage".

Who benefits from a higher minimum wage?

Barry, if you are going to post such nonsense, at least comment on it.

I would like you to say how stupid such analysis is. That may be expecting too much.

But if you agree with it, at least say so. Say anything. If you have an opinion, what the hell is it? Here is mine.


  1. Those who receive a pay hike and keep their job


  1. Those who are not hired because they are not worth it.
  2. Those who would have been hired but won't be because fewer stores will open
  3. Small businesses who are forced to close because they cannot afford higher minimum wages
  4. Employees of small businesses that close because they cannot afford higher minimum wages
  5. Consumers, especially those on fixed income who have to pay more for goods because stores hike prices (which in turn causes the likes of the EPI to whine for still more hikes)
  6. Taxpayers who have to pay inane pension promises when unions demand reciprocal hikes
  7. Taxpayers who instead of paying the "Walmart Subsidy" that Ritholtz whines about, funds 100% of the benefits

The EPI (and I am 99% positive Ritholtz) only looks at the winners, and even then superficially. What about the losers?

Does the EPI care one iota? Ritholtz? I actually prefer to be wrong about Ritholtz.

Looking for an excellent example of points three and four? If so, please consider Capitalism for Me, Socialism for Thee; Progressive Capitalism?

If the agenda fits, the EPI ignores the problems and trumps up the benefits. Unthinking analysts follow right along.


Back to homepage

Leave a comment

Leave a comment