Bloggus Vox Politico: It's So Amazing That Minimum Wage Increases Don't Hurt A Single Person

28 May, 2009

It's So Amazing That Minimum Wage Increases Don't Hurt A Single Person

The EPI study found the July 2007 minimum wage hike benefited over 700,000 families and added $1.7 billion in additional spending over the following year.
A July 2008 increase benefited over 1.3 million families and added $3.1 billion in additional spending over the following year, the EPI analysts added.

Yep, not a single person hurt. I'm dumbfounded. Stupefied. So much so that I now believe we should pass more and ever larger increases in the minimum wage so that we'll become wealthier and wealthier, ad absurdum.

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Power

"The disposition of mankind, whether as rulers or as fellow-citizens, to impose their own opinions and inclinations as a rule of conduct on others, is so energetically supported by some of the best and by some of the worst feelings incident to human nature, that it is hardly ever kept under restraint by anything but want of power; and as the power is not declining, but growing, unless a strong barrier of moral conviction can be raised against the mischief, we must expect, in the present circumstances of the world, to see it increase."
John Stuart Mill, On Liberty, 1859