Blog Credo

The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.

H.L. Mencken

Wednesday, February 24, 2021

The Minimum Wage

 This piece summarizes nicely the arguments for raising the minimum wage to $15 and hour. Simple economic models have made predictions about the negative impact of the minimum wage that simply haven't been borne out. If anything the minimum wage increase could drive jobs overseas, but how many of those jobs are left? I suppose it could have an impact on an already struggling retail sector, but again...already struggling.

Ultimately, the arguments against raising it are steeped more in ideology than evidence.

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