Earlier this month, N. Gregory Mankiw, Chairman and Professor of Economics at Harvard University, wrote an op-ed piece for the New York Times: "Help the Working Poor, but Share the Burden." In it he explained why he opposes an increase in the minimum wage. He said that increasing the minimum wage would unfairly burden business owners and force them to subsidize the incomes of poor Americans.
---> RANDOM THOUGHT: I wonder why an intelligent and obviously educated person like Mr. Mankiw could not follow his own argument one step further and see that these minimum wage workers would not BE poor if they were paid a living wage?
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