Good article of Steve's.
Tempting to say, "Min wage law always cause disemployment" bc the causal chain is 100% correct.
Better: "Min wage laws always cause economy to be less efficient than without them, but we can't prove precisely how"
If you're actually interested in my ideas, you might enjoy my critique of the overextension of apriorism in Austrian Economics. Hoppe is the main target of criticism, but it applies to Rothbard too.
Although even the latter claim is empirical, unless we worm off the hook with unknowns.
It's more accurate because it allows for more variables. The less precise, the more accurate. The curse of analyzing the real world of humans.
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15jx1bP54GxstAZG8oZkgYeFRHgGaxt6tm VerifiedYes, "given reasonable assumptions," then min wage causes disemployment effects. But these assumptions are empirical - many in the domain of psychology. It's possible that employees become inspired after a min wage hike. Unlikely, but at least conceivable