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Minimum Wage, Maximum Foolishness

FletchforFreedom Wrote: Mar 08, 2013 9:22 AM
BTW, "organized strikes" have done nothing but undermine tnhe economy - not to mention job creation and worker prosperity. It is no accident that more than a century ago the US became an economic powerhouse (raising the living standards of workers much faster and to a much greater extent) compared to much more unionized Europe. Successful companies create jobs; unsuccessful (often unionized) companies do not.

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