Tuesday, July 14, 2015

Is "lame" the right word to describe the minimum wage?

Link here

Republican presidential candidate Scott Walker called the minimum wage "lame".  But is that the right word?  It's a good start to attack terrible policies like the minimum wage - but simply calling it "lame" makes it seem like it causes no harm.

A better term is needed.  That said, what is the right word for a policy that:

* Keeps teens from gaining important life skills that would have helped them not only earn money now, but gain valuable work experience which will help them get better jobs later?

* Causes firms to switch from hiring people to hiring machines?

* Prompts people who would have worked for $5/hour but can't get a job at $7.25/hour or higher to seek other options for income?  Some will choose to work in illegal markets (selling drugs, etc.).

* And has other bad consequences?

No, lame is not the right word for the minimum wage.  But it's better than what most politicians are saying.

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