MONEY: Minimum Wage is NOT the problem

http://www.catholicculture.org/news/headlines/index.cfm?storyid=11854

Nigerian bishops lament refusal to implement minimum wage
September 26, 2011

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The bishops of Nigeria are lamenting the refusal of state governments to implement a new national minimum wage.

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Argh!

Economics is not faith and morals so the bishops are NOT infallible.

Maybe next the good bishops will opine on how to set broken bones?

Economics is called the dismal science because wishing doesn’t make it so. You can’t change reality by Gooferment diktat!

Implementing, or in the case of the USA raising, a minimum wage will ensure that folks will be unemployed.

So what’s worse, reality with people working or unemployment?

FYI, one should always stick to their area of expertise.

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