By Matt for the TIB Network:
The Senate is talking about two proposals that would increase the minimum wage today. I don't like either of them because businesses raise prices to match what they are paying out...those of us who make more than the minimum wage actually lose money in the deal. Let capitalism do its thing...if there is demand for a particular job and supply is low because the wage is low, the wage will be increased. It's called capitalism...and it works.11:55AM Update
Eric over at NRO's Beltway Buzz has more including this:That only 3 percent of today’s workers are on [minimum wage], more than half of those are under 25, 62 percent are part time workers and 70 percent live in households with family incomes above the poverty line.Interesting...
Mark's Remarks
From the TIB Eastern Command Sickbed:
I have some interesting information based on studies about the harm of raising the minimum wage all the time, as well as some information that shows it really doesn't help out a whole heckuva lot, as Matt alluded to in his response....Please stay tuned.....
