tag:blogger.com,1999:blog-5090403.post4312501607318460634..comments2007-02-21T16:15:58.385-07:00y-intercepthttp://www.blogger.com/profile/03389285761013186443noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5090403.post-27735159960336663492007-01-13T17:46:00.000-07:002007-01-13T17:46:00.000-07:00Personally, I think this minimum wage increase will be relatively benign because so few people are paid minimum wage. The BLS statistics showed that wages rose despite the lack of government mandates for wage increases.<br /><br />There is actually a large number of marginal jobs that did not exist at the time of the last minimum wage increase that exist today. The minimum wage increase will simply make these marginal jobs disappear again. <br /><br />The main thing the minimum wage increase will do in make secular progressive feel smug. There apparently is great power in such feel good legislation as people on both the right and left will generally select the option that makes them feel good over the option that actually is good.y-intercepthttp://www.blogger.com/profile/03389285761013186443noreply@blogger.comtag:blogger.com,1999:blog-5090403.post-74881154649530100382007-01-13T13:46:00.000-07:002007-01-13T13:46:00.000-07:00Excellent insight about the affect on the poor who try to start a business!<br /><br />Was it Hazlitt or Bastiat that talked about the "things unseen" or the unintended consequences of economic and political actions? <br /><br />At any rate, this is one that I hadn't thought about, and I'm sure most people unfortunately don't care about.<br /><br />At any rate, nice observation! Maybe it will encourage a few more people to think.Frank Stahelihttp://www.blogger.com/profile/01822334061980912687noreply@blogger.com