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Steve Deace : How does a minimum wage requirement impact an economy? / Clear, concise arguments and answers from leading thinkers / Eristical.com
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Steve Deace

How can a government know what the minimum wage should be? Can anyone even support a family on the minimum wage?

Here is the reality: real wages in this country have declined in relation to the rate of inflation/debt
since these sorts of government schemes to contrive equality began. Our wages nowadays do not have the buying power in a consumer-driven economy they once had, which is one of the reasons we carry so much debt. Just
about every major purchase a family makes these days is made on credit. These schemes are actually harming the very people they purport to help, because they're operating outside the natural laws of economics.

Talk radio host and author, Steve Deace