Its about time
Reader comment on: Lessons on Job Creation for the 112th Congress
Submitted by Leon Rogson (United States), Nov 23, 2010 12:26
Its about time a rational approach appeared in a Jewish publication!
The problem with the minimum wage is very straight forward. What is a Job worth? If it is worth $8 an hour without benefits, it will be done, unless we can use ilegals to do it for less. Minimum wages simply set the bar for Jobs which can be provided as a non-loss item for a business. If it can be done for less, either here or in other countries, it will be done for less. Setting it is simply one more way to lose jobs.
Government needs to get out of the business of business and concentrate on its constitutional mandates:
1. Protecting the borders of the US.
2. Ensuring as smooth and cost free commerce among the states.
3. Protecting the US from foreign and domestic threats.
So far, this and previous administrations have done a piss poor job at performing those duties. As North Korea has just shown, threats and actions by a Nuclear power seem only to be responded by cringing and retreat. Since they can already reach Hawaii, when will we start retreating in earnest?
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