The minimum wage is the black teenage unemployment act. It is the guaranteed way of holding the poor, the minorities and the disenfranchised out of the mainstream is if you price their original services too high.

in Economics from Yale University (1962) and an M. Laffer earned a B. A.

Laffer is best known for the Laffer curve an illustration of the theory that there exists some tax rate between 0% and 100% that will result in maximum tax revenue for governments. : /ˈlæfər/; born August 14 1940) is an American economist who first gained prominence during the Reagan administration as a member of Reagan's Economic Policy Advisory Board (1981–89).