I read your critique with interest, however, I would like to ask you one question. Regardless of all the statistical data, if we think about real wages being set by market forces, just as the price of any other good or service, how can you maintain that the government's actions to artificially raise the real wages does not result in unemployment? It seems to me that this must always be the case, otherwise the basic law of supply and demand is no longer. If you raise the price of any good above the market price, ceteris paribus, the demand always is less than before.(posted 9019 days ago)Do you agree?
Christopher Mayer