In response to:

Minimum Wage, Maximum Foolishness

FletchforFreedom Wrote: Mar 08, 2013 9:17 AM
We need FAR less demagoguing by economic illiterates such as yourself. The stock market is neither more nor less than a market for equity capital that funds businesses (and is ultimately the ONLY source of jobs and higher compensation). It is neither corrupt nor "unmoral". The Luddite nonsense that technology destroys jobs was debunked so long ago, it's amazing anyone still repeats it. TECHNOLOGY CREATES JOBS - always. Only an idiot uses the nonsensical term "wage slave". The only "fair" wage is what the market will bear in a competitive environment - which is what we have. If only government policies were not killing job creation...

Should the federal government make life more difficult for low-skilled workers?

I hope everyone will emphatically say “NO!”

Heck, most people understandably will think you’re crazy for even asking such a preposterous question.

But some of those people will also think that it’s a good idea for politicians in Washington to make low-skilled workers less attractive to employers by raising the minimum wage.

I often ask such people whether they are more likely to buy a Big Mac if McDonald’s raises the price by 24 percent. They say they are less likely.

Minimum Wage Cartoon 2