Rick Santorum is in favor of the typical jobs destroying, raise the minimum wage across the board, hike.
Ben Carson has a much more complicated minimum wage hike proposal, which suggests he knows that the minimum wage prevents some rorm getting jobs. Thus, he wants a tiered and a geographic adjusted minimum wage, which begs the question: Why have minimum wages at all, if it is clear they cause unemployment?
-RW
Well, like marriage and drugs, this minimum wage idea should be managed at the State level, for the same constitutional argument.
ReplyDeleteThat way people should see clearly what real economists already know.
Why not a minimum wage of $0.01 per hour?
Why not? Because some people (such as interns) would work for no monetary compensation. The seek other benefits: experience, references, résumé enhancement, etc.
DeleteThe problem with Carson's idea is that a 16 year old fast food cook will make MUCH less than a 28 year old fast food cook. Central planners can't and don't realize that there are costs and tradeoffs to every policy.
ReplyDelete"Rick Santorum is in favor of the typical jobs destroying, raise the minimum wage across the board, hike."
ReplyDeleteThis guy is still around?! I thought we ran him out with these:
Rick Santorum On Small Government (spread far and wide)
http://www.youtube.com/watch?v=1Gwwmm-cQxU
Santorum - Republicans no longer the party of Goldwater and small government
http://www.youtube.com/watch?v=y-WezrKqUBQ
Ben is just padding his technocrat credentials.
ReplyDelete