PUBLIC MARKS from jasontromm with tag economics

“One Dollar More” campaign would lead to more unemployment “Basic economics says that wages are tied to worker productivity,” Cordato said. “Forcing employers to pay ‘one dollar more’ would also force them to turn away more unskilled workers who couldn’t be productive enough to earn one dollar more.”

First-time applications for U.S. unemployment benefits edged higher by 4,000 to 277,000 in the week ending Feb. 4, the Labor Department said Thursday. "Claims are a good leading indicator of the unemployment rate; these data suggest the rate will be nudging 4% by mid-summer," said Ian Shepherdson, chief U.S. economist for High Frequency Economics.

Capitalism, Freedom

from the Brownwood Bulletin