Nightmare On Pennsylvania Avenue
by Jeff Berwick
The Dollar Vigilante
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Thank goodness I was strapped in tight! Are you kidding, Krueger? I can refute your entire book in one sentence and there is no rational thing you can say in response. Ready?
If that is true then raise the minimum wage to $1,000/hour and tell me how that will not result in unemployment rising to 99.5% or higher. At that rate, only people currently making more than $1,000/hour would be employable.
I mean, really. This is Obama’s new senior advisor?? This will probably shock him then, but removing the minimum wage completely would result in full employment. Heck, I’d even hire Alan Krueger to wash my car all day long for $0.15/hour. That may be something he is actually good at, too.
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Isn’t that the million dollar question?
What’s the “correct” minimum wage?
Depends if you treasure liberty?
Answer is zero.
It’s not the Gooferment’s biz what two willing individuals agree to.
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