Why the Minimum Wage Will Derail Our Economy Harry Reid may soon - TopicsExpress

Why the Minimum Wage Will Derail Our Economy Harry Reid may soon introduce legislation to hike the minimum wage. This is a terrible piece of legislation that will do nothing to end America’s recession. Economists agree: if you raise the price of something, you get less of it. That’s Economics 101. Progressives say a minimum wage hike will help the poor, but in fact it will do the exact opposite. The minimum wage effectively outlaws those jobs that act as a foot-in-the-door for low-skilled workers. If you think the unemployment rate is bad now, it will climb even higher if the minimum wage goes up. Harry Reid wants to bring a minimum wage bill to a vote soon. Supporters of economic freedom and limited government should be opposed to this legislation. If you want to learn more about why the minimum wage is bad for economic growth and why freedom leads to more prosperity than government intervention, be sure to take the Economics 101 curriculum at FreedomWorks University! Learn how to out-debate liberals at FreedomWorks University today.

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