Raising the Minimum Wage - a bad idea
Mrs. Du Toit
sums up her thoughts on why raising the Minimum Wage will hurt those people it was supposed to protect. Jen and I both think the same way but it's nice to have it articulated so very well...
Determining Wealth
I’ve been keeping a close eye on the actions of the Congress ever since the idiots were voted into power. Much of what they have done, so far, and much of what they’ve planned to do will have disastrous results. Most of the time I watch or read the events in a way one might watch a scary movie—through your fingers, covering your eyes.
Which is exactly how I approached the discussions of raising the minimum wage.
Of all the stupid things the democrats are prone to do, this is surely the worst for the economic health of the country. The fact that it always ends up hurting the people it was advertised to help, is always the greatest tragedy.
Writing about something like this is difficult, because of all the details of it. I’ll start with the basics.
She then goes step by step outlining why this is a bad idea citing numbers and examples. Well worth a read and it will go a long way to explain the (in her words) Economic Death Spiral that many low-income people will experience if this gets voted into law.
Posted by DaveH at January 16, 2007 7:50 PM