tag:blogger.com,1999:blog-7169279.post111222374392741196..comments2023-11-24T03:20:02.361-07:00Comments on Tufte's Economics Classes Blog - A Living Textbook: Living Wage LawsDr. Tuftehttp://www.blogger.com/profile/17397586052171706438noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7169279.post-1112574757628338952005-04-03T18:32:00.000-06:002005-04-03T18:32:00.000-06:00I bet you can imagine what I'm going to say, but I...I bet you can imagine what I'm going to say, but I'll say it anyway - living wages are one of the worst policy ideas around.<BR/><BR/>Living wages are a version of a price floor. Price floors involve hurting one group of people to make another group better off, and there is a deadweight loss that hurts everyone in the process. No one in favor of living wages ever talks about who it's going to Dr. Tuftehttps://www.blogger.com/profile/17397586052171706438noreply@blogger.com