As usual, our politicians fiddle while Rome, in this case America, burns. Raising minimum wages in an era of expanding self employment where business owners are less likely to have employees anyway will increase the likelihood of the unskilled and underskilled finding any work and tend towards more unemployment.
From The Entrepreneurial Mind
We are in a transitionary period in our economy the likes of which we have not experienced in over a hundred years. Our economy is becoming more and more dependent on entrepreneurs for growth. And yet, our politicians keep dancing the same dance that they have since the beginning of the big government era that started in the middle of the last century. This is no longer a time to horse trade between unions and corporate America. If we don’t wake up, we face economic atrophy that will assure that the US will be a second rate economic power within the next 20 - 30 years, if not sooner.
Our agenda needs to shift to one that will get government out of the way of our entrepreneurial economy. Instead our politicians are rearranging the chairs on the deck of the Titanic…
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