The American Spectator : The Spectacle Blog : Minimum Wage for Dummies

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.

http://youtu.be/uHAzQG3ilV4

About the Author

Ross Kaminsky is a self-employed trader and investor and is a senior fellow of the Heartland Institute. He is the host of The Ross Kaminsky Show on Denver’s NewsRadio 850 KOA at 11 AM on most Sundays. You can reach Ross by e-mail at rossputin(at)rossputin(dot)com.

http://spectator.org/blog/2013/03/07/minimum-wage-for-dummies