If you’re so economically informed – if you’re sufficiently - TopicsExpress

If you’re so economically informed – if you’re sufficiently certain that genuine monopsony power in the market for low-skilled labor is so very prevalent as to justify government imposition of minimum wages – then why do you not start businesses to exploit this profit opportunity, or at least encourage your more-entrepreneurial friends and acquaintances to do so? Why do you not put your money where your academic (or political) mouths are, rather than cavalierly risking the employment opportunities for the most vulnerable workers on your wager that they are massively victimized by monopsony power?

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