Ballot Box Charityby Douglas FrenchNov. 26, 2013 |
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Any person with the faintest bit of economic understanding knows if you set a price for anything above the market price, demand for that product or service will decrease. Workers who don’t provide output greater than the minimum will not be hired or will be fired. We never know how many workers don’t get hired in the first place because of this silly old policy. So some of these low-skill workers never make work a habit. The bottom rung of the economic ladder gets removed. And yet most Americans are clueless—at least if a recent outbreak of minimum wage ballot initiatives is any indication. Read More |