Minimum Wage Laws are a Masterful Delusion

EDITOR’S COMMENT: With a sharp increase in the Minimum Wage currently being proposed by President Obama and his band of Democrats, I thought you would find this rather objective analysis of how market wage levels are actually determined by the employer and not by government edict most interesting and informative.
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By Jefferson Paine

Government does not create wealth — it merely taxes and consumes it. It may create ‘government jobs’ but it cannot create real wealth. Governments specialize in bureaucracy and welfare. Real wealth is created by real jobs profitably producing things of value in the marketplace. A real job is possible when an employer decides that their investment in a ‘worker’ is worth their risk, but alas, constant government interference greatly affects how risky this proposition is for them.

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