[MeganC]

I usually respond to the minimum wage agitators with two points:

1. Why not make the MW $100 an hour? If it is true like they say that the MW has no negative impact on the economy then why not make it $100 an hour and end poverty once and for all?

2. I oppose the minimum wage because the government is violating my right to sell my labor for $5 an hour if I want to. What’s it to them if I want to work for $5 an hour?

[attiladhun2]

Why not just give everybody in the nation a check for $1,000,000? That would instantaneously bring everyone out of poverty, right? Of course not, it would make a million bucks practically worthless because such a move would distort the value of money. All such government anti-poverty schemes distort the market and increase unemployment rather than the reverse.

You'd think politicians would have gotten that memo by now, but they know that the Robin Hood message appeals to a large number of voters.