If only we could figure out the mysterious relationship between "price" and "demand."

Of course, our incompetent elites have totally figured out the relationship between "moral posturing" and "feeling good."

//More than 260,000 people who will find themselves out of work in 2018 because of new minimum wage laws, according to a study reported on by The Daily Caller:

The  study, conducted by the free market advocacy group American Action Forum, found that incremental minimum wage increases implemented in 2018 alone will cost the nation roughly 261,000 jobs. Once the minimum wage increases are fully phased in, they are expected to cost approximately 1.7 million jobs, using each state’s official employment projections as a baseline. The number is significant in light of the Bureau of Labor Statistics  2017 projection that the entire U.S. economy will add 11.5 million jobs over the next decade.
So far, only 12 states and the District of Columbia have jacked up the minimum wage, which is what the study noted above focused on. A rise in the national minimum wage would have even more dire ramifications.//