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Minimum Wage, Maximum Foolishness

FletchforFreedom Wrote: Mar 08, 2013 9:27 AM
The minimim wage is popular among economic illiterates who cannot grasp that it harms the very people it is ostensibly designed to help. And if you really believe that welfare is designed to "help you help yourself" you really need to find a cure for ignorance and naievete. If, in this economy, McDonald's employees (typically making well over the legal minimum) decided to strike, there would be ample applicants to replace them in short order. Go ahead. Try it.

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