Tuesday, February 07, 2012

Mittens Minium Wage

A Defining Moment - Page 2 - Thomas Sowell - Townhall Conservative:

Make no mistake, I'll vote for anyone but BO ... but there are certainly plenty of things for a conservative to worry about with Romney. Is his indexing of the minium wage promise just useless "hit the middle" campaign rhetoric or is he that stupid??

Anybody that has even looked a tiny bit at basic economics knows that there are few things more devastating to the employment prospects, and thus general life prospects of the young and especially the black than minium wage laws. As typical, the eminent Mr Sowell sums it up very well:

The economic reason is not complicated. When you set minimum wage levels higher than many inexperienced young people are worth, they don't get hired. It is not rocket science.

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