I’m surprised President Obama didn’t drag out the old “universal pre-school” check-off from his liberal list last night, too. Oh, wait…
The spectacularly named Veronique de Rugy has as concise a piece on the minimum wage – and why raising it is bad for the poor – as I’ve ever seen. An excerpt:
“The principal sources of an individual’s higher earnings are more schooling and the accumulation of experience and skills in the labor market,” both of which are discouraged by increases in the minimum wage.
Unless we can just force somebody to pay you more.