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Minimum Wage, Maximum Foolishness

FletchforFreedom Wrote: Mar 08, 2013 12:25 PM
The source is Bureau of Labor Statistics data. How many workers would be the tiny fraction of the workforce that actaully earns the legal minimum.

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