Sunday, February 17, 2013

The Minimum Wage...Again

Click here to read a fairly typical libertarian/conservative argument against the minimum wage.

Indeed, if we're going to pass a law requiring everyone to be paid a certain minimum amount per hour, why not make that amount something really lucrative, like $50.00 an hour? And if businesses are required to pay more than the market will bear, they will pass the cost on to their customers, or go out of business. Why is this insanity constantly being discussed, anyway? I was curious, so I backtracked. I looked up what people were saying about the minimum wage as far back as the 1940's, and it all is pretty much the same things people are saying today.

Politicians vote for these insane laws because it helps them get re-elected.

The solution is to repeal, or drastically amend, the regulation of commerce clause in the US Constitution, and let the market decide who gets paid what. Also, we should limit the terms of all Congressmen to just one term, 2 years long, and then back into the private sector they go.

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