On the verge of controlling Congress, the Democrats are making a much-delayed increase in the minimum wage their signature attempt to lift incomes and quiet widespread economic anxiety. But the party’s modest proposal does not catch up with what the states have already done to raise the wages of tens of millions of workers. (New York Times, Wednesday)
Who knows better what something is worth? You or the the government?
FEE Timely Classic
Minimum Wages by Hans F. Sennholz