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A Minimum Wage Equals Minimum Jobs

Anthony266 Wrote: Jul 30, 2009 5:34 PM

Government doesn't work. There's not one problem in society government makes better. This is because violence doesn't make anything better. When you hide violence under the euphamism of "law" it's threat is like a virus shutting down every organ in a body little by little. Our economy is clogged up with the virus called government.

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A Minimum Wage Equals Minimum Jobs

The media are never better at displaying their economic illiteracy than when they report on the minimum wage.

"Workers got a raise on Friday when the federal minimum wage was hiked 70 cents to $7.25 an hour," the Christian Science Monitor reported last week. "They'll be shouting, "Olé!"

They assume that if politicians declare that workers should get a raise, they will actually get it. But the idea that government can increase wages by decree with only good consequences rests on a serious economic fallacy: that employers set wages arbitrarily. If wages are very low, it must...

Related Tags: Jobs Economy News Minimum Wage