Tuesday, February 25, 2014

Minimum wage fight ill-advised

Now that growth is over, a higher minimum wage will be paid with printed money. Money is easily taken back from the wage-earner in many ways.

A lot of that money will just go into cars, gasoline, and higher public transit fares.

By subsidizing an obsolete auto-and-sprawl system, we are flushing money down the drain. We can stop that waste and address inequality at the same time.

Make buses free. Before demanding more money, stop wasting money.

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