“The US Department of Labor mandates and enforces about 18 different minimum wages in American Samoa by industry. Oh, and the jobless rate there is almost 30%. And now a serious question for proponents of the US minimum wage: If you support a single hourly minimum wage in the US, wouldn’t you show even more support for multiple, government-mandated minimum wages by industry? That is, if you trust the supposed wisdom of politicians to know what the ‘correct’ single minimum wage is for the entire US economy (currently $7.25 per hour), shouldn’t you also trust those same politicians to know what the ‘correct’ minimum wage is for America’s many different industries?”
Related posts:
Bin Laden son-in-law court appearance reignites debate over handling of terrorism cases
Democratic establishment unmasked: prime defenders of NSA bulk spying
The New Gold Rush Is All About Vaults
China is mining data directly from workers’ brains on an industrial scale
End Of The Silk Road: FBI Says It's Busted The Web's Biggest Black Market
Chinese man kills two ‘one-child’ policy officials
Winklevoss Twins File to Launch Bitcoin Exchange-Traded Product
Germans donated only €165,489 Euros to reduce €2.1 trillion debt
Mayor Bloomberg blames Virginia for many of New York’s gun crimes
New documentary puts Donald Rumsfeld on the hotseat about Iraq
Japan economy shrinks more than expected in face of sales tax hike
ESM Permanent Bailout Fund Prepares for Prime Time
Cyprus bail-out leaves 'bitter taste' for residents
Silicon Valley rents soar as tech gobbles space
Retirement crisis: Impoverished seniors on horizon