Jim3013 Wrote:
Sep 17, 2013 12:50 PM
All this reminds me of that mythical Senate hearing where the pompous senator asks a businessman why prices are so high and the businessman answers, "It's the law of supply and demand, Senator." To which the senator replies, "Well, then, we'll just have to repeal that law." Over and over our governments try to legislate against the laws of economics and then wonder why there are always "unintended consequences" that are worse than the original problem. Minimum wage laws are a perfect example. I suppose the politicians must believe that if they ignore the consequences, higher unemployment, a lagging economy, that they'll somehow go away. Of course, they don't. All minimum wage laws should be the ones repealed.