Government Has Far Too Much Control Over Our Money
To The Reader’s Forum: Nobody seems to know anything about economics and nobody thinks anything through. Your editorial on October 5 muses over the wisdom of the minimum wage and how it may or may not help the poor. If your work brings your employer more than he pays you, you keep your job. If the government tells him he has to pay you more than you are worth, he has two choices. The short term choice is you lose your job and someone else gets your pay. The long term choice is he goes broke and you and everyone who works for him loses their jobs. Either way, your labor, his ...