Chuck Collins: Slapping The Invisible Hand
By Chuck Collins
TomPaine.com, 1/29/07
The Senate is scheduled to vote as early as Tuesday to raise the minimum wage for the first time since 1997.
The usual array of “Chicken Littles” have claimed a hike in the wage floor will be bad for business and hurt low wage-workers. Earlier this month, columnist George Will suggested that the “minimum wage should be the same everywhere: $0. Labor is a commodity.”
So it’s surprising and refreshing when you meet small business owners and CEOs who believe the opposite: that competing on the basis of who pays...