President Obama seems committed to forcing the minimum wage up through federal intervention. If he succeeds, it will only damage the economy further, resulting in higher unemployment and less growth. Here are four reasons a minimum wage is a bad idea.
Tagged: Thomas Sowell
Hundreds of thousands of government workers were laid off, national parks, monuments and other federal tourist attractions were closed, veterans were shortchanged, etc. All because the Republicans in the House of Representatives didn’t vote the necessary money for them, right? Wrong!
Last week in the New York Times, economist Paul Krugman called for higher taxes than the Clinton era, citing how increased revenues need to be in the picture and not[...]