Thursday, February 2, 2012



According to the Hartford Courant, Democratic lawmakers are proposing an increase of the minimum wage in Connecticut, and then indexing it to inflation.

I'm guessing you support this, maybe an unfair assumption. So I'm asking you to defend it. What possible good comes from this? I can only see bad consequences. Those that need experience and skills get priced out of the market. It makes it more difficult for the market to clear, increasing the length of unemployment, and it predominantly hurts those at the bottom end of the wage scale. A trifecta of bad consequences.


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