In this column, venture capitalist Nick Hanauer critizes the theory that a higher minimum wage will cause increased unemployment. Going further, he suggests that economic theories in general are not science, but merely social and moral constructs.

Apr 10

Why did Walmart raise its wages?

This article is reproduced with permission from Forbes. Find the original story here. Walmart recently announced that it was raising its minimum starting wage to $9 an hour, 24% higher than the federal minimum. Since Walmart is…