> An entire national economy raising a minimum wage is pulling yourself into the air by tugging on your bootstraps - futile, and likely to make you keel over in

> An entire national economy raising a minimum wage is pulling yourself into the air by tugging on your bootstraps - futile, and likely to make you keel over instead. There was a time not very long ago when (inflation adjusted) minimum wage was much higher than it is today. The economy did not "keel over."