Employers have more flexibility in the long run and will find ways to economize on the higher-priced labor.

FORBES: The Minimum Wage Delusion, And The Death Of Common Sense

That effect is greater in the long run as employers change their production methods to save on the higher-priced labor, and is more pronounced for minorities.

FORBES: Obama's Minimum Wage Hike: A Case Of Zombie Economics

Republicans are skeptical, especially about government loan guarantees, pork barrel projects and mandating higher priced union labor.

FORBES: Getting Innovative with Infrastructure

Labor unions have priced themselves out of existence.

FORBES: Guest Post: Term Limits and the Economy

Higher capital costs make Brazil less competitive and Brazil is already being priced out as it is thanks to rising labor costs and the usual bottlenecks in the country, mainly on the logistics side of moving things in and out of Brazil.

FORBES: Brazil's High Wire Act

So Iridium had tried to push high-priced handsets and costly calls to quickly recoup the costs of parts, labor and distribution.

FORBES: Surviving Iridium