The kids are alright! Common sense trumps dogma. On 8/8/07, Michael Perelman <[EMAIL PROTECTED]> wrote: > > The test is bogus > > Mr. Damasio cited a question that asked students to identify the most > likely effect > of an increase in the hourly wage of babysitters. Eighty percent of > students > answered correctly that the time spent by teenagers on babysitting would > likely go > up while the time they spent on other activities would decrease, he said. > > The answer is that they would spend less time babysitting. Fewer people > would hire > babysitters and some would not want to have babyies, increasing the > fequency of > abortions. Now you know why the minimum wage is bad. > > -- Michael > Perelman Economics Department > California State University > Chico, CA 95929 > > Tel. 530-898-5321 > E-Mail michael at ecst.csuchico.edu > michaelperelman.wordpress.com >
-- Sandwichman
