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Why Minimum Wage Means Maximum Slavery
by Tex Norton
Laissez Faire Books
While we were in Vancouver last week, the dipsticks in Washington, District of Criminals, did it again. They increased the minimum wage from $6.55 to $7.25 per hour.
[Ed. Note: This article was written half a decade ago. The numbers might be different, but the ideas and the politics going on behind the scenes remain the same. And considering that Seattle, Wash., just increased their minimum wage to $15 an hour, this is a topic that's still on everyone's minds.]
I don’t mean to preach to the choir, but there goes the remnant of what might otherwise have been the start of a jobs recovery.
Wage and Price Controls don’t work. You and I can see it in everyday real life. Richard Nixon tried it and failed. The Pols that run the country can’t seem to see beyond the end of their noses. Actually, they know exactly what will happen but they’re so hell-bent to reward unions, they don’t care.
Source: http://financialsurvivalnetwork.com/2014/05/why-minimum-wage-means-maximum-slavery/?utm_source=rss&utm_medium=rss&utm_campaign=why-minimum-wage-means-maximum-slavery
