I agree that gov’t can get too big, and frankly it is already. But,there are still legitimate functions gov’t needs to perform. Minwages are extremely non-intrusive. Same with Glass-Steagall. With so many jobless, the worst time to lower wages.
parsy, who is in birther land for a while
The employment contract should not be a suicide pact. Economics 101 also tells you that a company has fixed costs and variable costs. The only variable cost that can be changed immediately is labor. If a companies fixed costs are greater than their income then it should shut down. The minimum wage makes labor costs less variable. This means that a company only has a few choices if it is losing money. Lay people off or shut their doors completely. I think I would prefer a pay cut to going on public charity.