Hobbit@Law

Looking carefully at that which is unseen.

Daily Archives: April 5, 2012

Thinking about: Minimum wage

The Real News Network talks about legislating ourselves rich, essentially:

Here.

Why stop at 12 dollars an hour for minimum wage, though? Why not $100 an hour? Or a $1,000 per hour?

So I understand this – small businesses are expected to bail out a crap economy based on an increase in the Small Business Employee Tax (a better description of minimum wage). And oh look – no inflation from increased wages!

I notice that the speaker discusses the Thriving Europe when it comes to small businesses with higher minimum wages. Dare I point out that economies also thrive in Asia where wages are LOWER? Would we rather have the GDP growth of China? Or Greece?

Just sayin’.

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