Friday, July 24, 2009

Minimum wage and health care

The Washington Times reports, "Millions get minimum wage increase."

That's good. I'm happy for them. The downside, however, is that millions will also see their hours cut, many who might have been hired will not be hired, and some may even lose their jobs because of the resulting budget cuts.

This is post is not for or against the minimum wage increase. I'm merely making the point--made many times before by others--that our best intentions often have significant downsides.

The current health care debate is another prime example.

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