I note that the minimum wage is again in the news, both in Washington DC, where an attempt was recently made (but vetoed) to force big retailers to pay a higher minimum wage, and in California, where a bill to increase that State’s minimum wage awaits the Governor’s signature.
As ammunition when you discuss the issue with your family and friends, here are two classic videos exposing the fallacy of the minimum wage issue. The first is from famed economist Milton Friedman.
The second is from well-known reporter John Stossel.
There you have it. Those who support a minimum wage are actually supporting a job-killing measure. Ironic, isn’t it?