Posted by
Jim on Monday, January 08, 2007 10:12:26 PM
I read that the minimum wage will be raised to over $7.00 an hour. I must remind you that simple economics dictates that if an employer must increase his labor costs when he or she hires a young person with a first job, the employer may opt not to hire the employee because that individual is too expensive. By mandating that a certain wage be used, government control takes away the price of the free labor market. Not only does this decrease local employment but it robs the young person of his or her's first position. Intiative and hard work by moving up the work achievement ladder is something that should be preserved not diluted.