“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:
Developing Detroit: Billionaires say city is worthy of investment
Southwestern Pa. hospital to stop baby deliveries due to Obamacare
Early ‘90s collectible gaming card sells for $27k on eBay
NSA chief defends his agency’s ‘noble mission’ to defend the U.S.
U.S. tire magnate blasts France's 'so-called workers'
Can Bitcoin make a good first impression with top federal agencies?
Man arrested at New York’s JFK airport ‘with uranium for Iran in shoes’
Barton Biggs: Global investment guru noted for later pessimism [2012]
Members Of LAPD SWAT Team Caught Selling Department Guns
Pentagon sends troops to Jordan to counter Syria chemical weapons threat
French mother jailed for sending son to school in ‘I am a bomb’ shirt
U.S. spy chief criticizes journalists for publishing anti-encryption efforts
California town’s police chief, officers arrested in impound racket
Heart Surgery in India for $1,583 Costs $106,385 in U.S.
Well Educated Young Spaniards Move Back In With Parents