Even David Brooks gets it

That’s because raises in the minimum wage are not targeted at the right people. Only 11 percent of the workers affected by such an increase come from poor households. Nearly two-thirds of such workers are the second or third earners living in households at twice the poverty line or above.
http://www.nytimes.com/2014/01/17/opinion/brooks-the-inequality-problem.html

Cold

h/t neveryetmelted

QOTD in the NY Times by Greg Mankiw

Mr. Obama is like a physician who prescribes a medicine based on a few studies that find no side effects while ignoring others that report debilitating effects.