{
    "href": "/post/2010/04/30/an-entrepreneur-and-the-minimum-wage/",
    "relId": "2010/04/30/an-entrepreneur-and-the-minimum-wage",
    "title": "An Entrepreneur and the Minimum-Wage",
    "author": "pmjones",
    "markup": "html",
    "tags": [
        {
            "href": "/tag/economics/",
            "relId": "economics",
            "title": "Economics",
            "author": null,
            "created": null,
            "updated": [],
            "markup": "markdown"
        },
        {
            "href": "/tag/politics/",
            "relId": "politics",
            "title": "Politics",
            "author": null,
            "created": null,
            "updated": [],
            "markup": "markdown"
        }
    ],
    "created": "2010-04-30 18:47:21 UTC",
    "updated": [
        "2010-04-30 18:47:21 UTC"
    ],
    "html": "<blockquote>\n<p>Our brilliant Congressmen in Washington, D.C. decided a couple years ago that it would be a good idea to raise the minimum wage by about 40% to $7.25/hour. It just took effect last year. That probably sounds like great news for everyone \u00e2\u0080\u0093 more money in everyone\u00e2\u0080\u0099s pockets can only be good, right?</p>\n<p>Unfortunately, it doesn\u00e2\u0080\u0099t work that way in the real world. If I\u00e2\u0080\u0099m forced to pay everyone 40% more, I can\u00e2\u0080\u0099t afford to schedule as many employees for as many hours, since our sales aren\u00e2\u0080\u0099t going up by 40%. Remember, I can only afford to pay you guys a certain percentage of all the money coming in the door. That means hours get cut, and everyone ends up poorer.</p>\n</blockquote>\n<p>via <em><a href=\"http://cafehayek.com/2010/04/an-entrepreneur-and-the-minimum-wage.html\">An Entrepreneur and the Minimum-Wage</a></em>.</p>\n"
}