February 10, 2007

The Wages Of Liberalism

Do you remember the argument over an increase in the minimum wage? The Democrats touted the increase as a boon to "working families" despite the fact that very few employers pay the minimum wage. However, it is having an effect on those industries whose employees are teenagers. Over 80% of the people in this country who make the minimum wage are still living with their parents; in other words, they are working for spending money.

This is what happens when an issue stops being about common sense economics and is made into an argument about class and economic standing.

Posted by Matthew at February 10, 2007 11:27 PM
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