Minimum Wage

Sorry, but I forgot about the Governor's minimum wage proposal. Instead of raising the minimum wage to $7.15 an hour let's raise it to $100 an hour and it will take care of all our problems. Of course, it will cost $40 for a loaf of bread and $500 a month for cable, but who cares.

The minimum wage paid in society is and will always be strickly a matter of economics. The relation of wages to prices will never be influenced by government mandated wage increases. Government can manadate wages, but prices will just follow.

The truth is that by increasing minimum wage we actually increase the gap between the wealthiest wage earners and the poorest wage earners...but we'll leave that for a later expose'.