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The Spectacle Blog
My friend Dan Mitchell of the Cato Institute, explains why an increase in the minimum wage is a bad idea, and particularly bad for those whose its proponents claim to want to help. Sadly, his questioner, Henry Blodget who spent years making big bucks on Wall Street by being a massively overpaid cheerleader for Internet stocks during the dotcom bubble, seems clueless about basic economics.
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More Blog Posts by Ross Kaminsky
http://spectator.org/blog/2013/03/07/minimum-wage-for-dummies
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BShep| 3.8.13 @ 9:46AM
Arguments about how minimum wage laws are bad economics tend to make LIV’s fall asleep. These arguments do not counter the “free money” fairy tales of the Communists either. I believe the best argument is as follows.
MYOB! It ain’t your business how much I sell my time for. It ain’t the government’s business either. Leave me alone!
Freedom is always the BEST argument. Telling the government to butt out is always fun, too. We should do more of it.