Government mandating of prices


10-Nov-2017 17:05

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And does the federal government have the right to destroy the economic freedom of families by telling parents that their young son or daughter may not work this summer for .50 an hour, or telling a senior citizen that he or she may not work part-time for .00 an hour next year?

Proponents defend a minimum wage increase by elevating it to a moral issue and a moral imperative.

Although the last minimum wage increase did not reduce employment, it did reduce employment growth.

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Ironically, former Senator George Mc Govern understood the primary importance of minimum wage employment: "We forget that too often a job--any job--is the best training for a better or more specialized job." Entry-level, minimum wage jobs generally are not lifelong, dead-end jobs.

And consumers pay as businesses pass on the cost of the mandate through higher prices.

Recent studies reveal that the significant negative effects of the minimum wage on the employment prospects of unskilled teenagers are masked by their replacement in the workforce by more highly skilled teens.

Never before has Congress raised the minimum wage by more than

Ironically, former Senator George Mc Govern understood the primary importance of minimum wage employment: "We forget that too often a job--any job--is the best training for a better or more specialized job." Entry-level, minimum wage jobs generally are not lifelong, dead-end jobs.

And consumers pay as businesses pass on the cost of the mandate through higher prices.

Recent studies reveal that the significant negative effects of the minimum wage on the employment prospects of unskilled teenagers are masked by their replacement in the workforce by more highly skilled teens.

Never before has Congress raised the minimum wage by more than $1.05 per hour over a period of four years.

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Ironically, former Senator George Mc Govern understood the primary importance of minimum wage employment: "We forget that too often a job--any job--is the best training for a better or more specialized job." Entry-level, minimum wage jobs generally are not lifelong, dead-end jobs.And consumers pay as businesses pass on the cost of the mandate through higher prices.Recent studies reveal that the significant negative effects of the minimum wage on the employment prospects of unskilled teenagers are masked by their replacement in the workforce by more highly skilled teens.Never before has Congress raised the minimum wage by more than $1.05 per hour over a period of four years.

.05 per hour over a period of four years.

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And that

And that $1.05-per-hour hike took place from 1978 to 1981, a period in which inflation was increasing an average of 10.7 percent per year.

This argument, however, is misleading and deceptive.

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And that $1.05-per-hour hike took place from 1978 to 1981, a period in which inflation was increasing an average of 10.7 percent per year.This argument, however, is misleading and deceptive.

.05-per-hour hike took place from 1978 to 1981, a period in which inflation was increasing an average of 10.7 percent per year.This argument, however, is misleading and deceptive.