In response to:

Obama’s Minimum Wage Plan

Clyde54 Wrote: Feb 18, 2013 1:44 PM
I am retired and live on a small pension and Social Security. I paid lots of taxes during my working days. These days I don't make enough to pay taxes. (just the last two years). I read political articles daily and did not vote for Obama or any other democrat at any level of Government. I am offended by your assumption that no taxes mean one is uninformed.
loadstar Wrote: Feb 18, 2013 10:41 PM
I am retired also...the reference to paying no income taxes refers to the almost half of those who file federal returns, but get all of the money back, i.e., pay no taxes net. The VAST majority of Obama voters fall into this is EASY for them to like his Big Guvment because none of them PAY for any of it. This is what the IRS says, not I. And it is an egregious MYTH that the rich pay no taxes...they pay far and away the largest shares--

Economic research has only a tenuous relationship to economic policymaking in Washington. President Obama’s new proposal to raise the federal minimum wage from $7.25 to $9.00 is a case in point. It would bad for workers and the economy, but the administration seems to be ignoring the large body of theory and evidence on the issue.

Labor economist Mark Wilson discusses the economics of the minimum wage in an essay on Downsizing Government. Here are a few highlights:

There is no free lunch when...