In response to:

The Minimum Wage Mirage

Jake290 Wrote: Apr 12, 2012 5:15 PM
It's all about economics. Raise the price of anything and the demand goes down. Raise the price of labor and the demand for labor decreases. It also adds to inflation, because the higher costs of labor get passed to the consume. Then, the people who just got a pay raise from raising the minimum wage are suddenly back where they started. It's like one step forward, two steps back. The minimum wage should be abolished! I'm sorry Romney doesn't feel the same way, but it's either him or Obama, take your pick. Me, I'm sticking with Romney.
Unemployment remains high; job growth is sluggish; and millions of Americans have given up hope of ever finding work. So how do creative legislators propose to generate new hiring? Easy: Make it more expensive.

That's right. In Congress and several states, some lawmakers want to increase the legally mandated minimum wage. They think employers should have to pay more for labor. They say it should be illegal to hire people who are willing to work cheap.

This amounts to a stubborn defiance of simple reality. A recession puts strong downward pressure on wages and salaries. A slow recovery has the same effect, only...