A minimum wage hike will only help the Democrat union buddies whose constituents have incomes keyed to the minimum wage.
Mea culpa review 2017. I have eaten a Big Bowl of Crow since publishing this and other thoughts on many subjects. Another post I would just delete if I had a choice. I’ll just point you to Robert Reich’s Big Picture for Fixing the Economy dear reader. Yes, my views have changed quite a bit.
Minimum wage in large cities is already over the proposed national minimum wage, and raising the price of employment in areas that have not exceeded it will simply drive more poor people into the unemployment line.
There really is very little debate about this among economists. The empirical evidence is also pretty clear. Increasing the minimum wage increases unemployment among the young and the poor and the disabled. As recently as a few years ago this was a “settled issue,” even in the minds of the editorial board of the “New York Times,” which argued strongly against the minimum wage.
This is bad law, and should be resisted at all costs.
Mea culpa review 2017. I have eaten a Big Bowl of Crow since publishing this and other thoughts on many subjects. Another post I would just delete if I had a choice. I’ll just point you to Robert Reich’s Big Picture for Fixing the Economy dear reader. Yes, my views have changed quite a bit.
