By mandating an even higher minimum, the living wage prices even more people out of work. The people who push these cockamamie ideas never seem to ask why any employer would hire someone at $8.23 if that person's services are only valued in the marketplace at, say, $5.00.
Lawrence ReedPessimism is not only unwarranted, it is also a self-fulfilling prophecy. If you think the cause is lost, it will be. No one works hard for a cause they think will lose.
Lawrence ReedOur expensive welfare state is fueled by the destructive notion that 'greed' is when you want to keep your own money but 'compassion' is when you want to take somebody else's.
Lawrence Reed