Thomas Sowell:
Minimum Wage Madness
Political crusades for raising the minimum
wage are back again. Advocates of minimum wage laws often give
themselves credit for being more "compassionate" towards "the poor." But
they seldom bother to check what are the actual consequences of such
laws.Tuesday, September 17, 2013
Minimum Wage Madness...
Thomas Sowell:
Minimum Wage Madness
Political crusades for raising the minimum
wage are back again. Advocates of minimum wage laws often give
themselves credit for being more "compassionate" towards "the poor." But
they seldom bother to check what are the actual consequences of such
laws.
Minimum Wage Madness: Part II
A survey of American economists found that 90
percent of them regarded minimum wage laws as increasing the rate of
unemployment among low-skilled workers. Inexperience is often the
problem. Only about 2 percent of Americans over the age of 24 earned the
minimum wage.
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An election for President and Commander in Chief of the Military must strive to be above reproach. Our public institutions must give the public confidence that a presidential candidate has complied with the election process that is prescribed by our Constitution and laws. It is only after a presidential candidate satisfies the rules of such a process that he/she can expect members of the public, regardless of their party affiliations, to give him/her the respect that the Office of President so much deserves.
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