Democrats still don’t understand the most basic economics. On the current debate on the minimum wage, Media Matters writes, “ABC White House correspondent Jake Tapper and Washington Post staff writer Jeffrey Birnbaum both uncritically reported conservatives’ argument that a minimum-wage increase will eliminate existing jobs and discourage the creation of new ones. However, several studies show that minimum-wage increases do not hurt employment.”

QandO has a nice post about the economics of the minimum wage. I like their conclusions:

Fundamentally, debates about increasing the minimum wage are not really utilitarian arguments about ‘the greatest good’; they are a debate about whether we are economic pro-choice and economic anti-choice. Proponents of an increase in the minimum wage are economic anti-choice.

I fail to understand why Democrats are economic anti-choice, but I hope that someday they will understand a modicum of economics.

Bill Clinton understood a modicum of economics. Thank goodness he signed the 1996 welfare reform bill. Unlike current minimum wage proposals, welfare reform actually helped the poor.