In response to:

Barack Obama and the Teachable Wage

Rock Strongo Wrote: Feb 17, 2013 9:56 AM
The level of economic illiteracy in the nation is astonishing. I'll bet that if Obama proposed to just print enough money to give every "needy" person in the country a million dollars--as the solution to our economic woes--he would get at least 51% support. Forward!

February 17, 2013

The U.S. President wants to up the national minimum wage to $9 per hour. How daring.

Such pushes to increase the legal minimum wage often succeed. There’s no mystery why. Most folks’ wages are not directly affected; we work for far more than that minimum. So it’s about other people. One consequence of this is that we don’t think very carefully about the logic of the regulation.

Which is why so many of us simply bow to social pressure, thinking that opposition to raising the minimum wage is “uncaring.”...

Related Tags: Obama