Over at the Moonbattery blog Dave Blount has the last word about minimum wage increases. (Via Maggie’s Farm) You know what happens when governments force businesses to increase the minimum wage: people lose their jobs. But then, wanna-be socialists try to solve the problem by increasing the minimum wage some more.
Blount describes it well:
By then, mobs of underachievers will be demanding $20/hour for unskilled work that is worth less than half that, and that in many cases can be done more efficiently by machine. The collectivist demagogues in charge will be happy to comply, knowing that the more people who get laid off, and the more who are never able to get onto the first rung on the economic ladder, the more votes there will be for the party of coercive wealth redistribution — at least until we get to the point where there is no more wealth to redistribute.