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Antiguo 2017-05-19, 03:01 PM   #1
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It has been said that doing what sounds good often gets in the way of doing what works. There is perhaps no better example of this than State Rep. Tom Anzelc’s well-intentioned attempt to raise Minnesota’s minimum wage via constitutional amendment,cheap real jordans, a proposal he floated last Wednesday. Andy Brehm Anzelc is right to be deeply concerned about the fact that Minnesotans’ real median household incomes are dropping,cheap retro jordans, income inequality is growing and that there is too little opportunity for those in our state struggling in this anemic economic recovery. But his medicine – arbitrarily raising wages by government fiat – would only make the malady worse. Contrary to prevailing DFL demagoguery,, opposition to minimum-wage laws is not grounded in the desire to see the rich richer and the poor poorer. It stems from a basic,cheap air jordans, common-sense understanding that higher minimum wages set by government instead of the free market limit job opportunities for workers in need of them most and harm the economy as a whole. Someone has to pay for it Politicians too often forget what every economist understands: Increasing the minimum wage and therefore the cost of labor is not a free lunch; someone has to pay for it. Some assume employers simply absorb government-imposed increased labor costs in the form of lower profits. But this is not an option for most small businesses and industries that operate in a world of razor-thin margins. What decades of economic research shows is that their bottom lines demand
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