Society of Real Economists (SORE)

Tom understands a lot about economics. He even understands a lot more than me. But he somehow manages to overlook or deny some very big, simple rules. That precludes him from membership in SORE.

"You can be a member of SORE and be in favor of the minimum wage because you think the benefits of helping some people get a higher wage outweighs the costs of some people losing their job or having a hard time finding a job because there are fewer opportunities. But if you support the minimum wage because it's important as a symbol of our desire to help people or because the minimum wage doesn't effect employment, you can't be a member of SORE."