Jan31st2006

Quote Of The Day

“Reflecting this culture, our legislators often behave as if business is a problem to be solved. On Jan. 17, they also overrode a gubernatorial veto of a $1-an-hour increase in the state’s minimum wage. Like the health-care mandate, the hike is a job killer–though not in affluent areas of the state, where strong labor demand long ago pushed the going wage above the minimum. In those areas, the law is largely symbolic and enables well-meaning voters and legislators to conclude that they are “doing something for working families.” Safely out of their view, however, at Maryland’s impoverished margins, already weak labor demand will be further diminished”. –Steve Hanke and Stephen Walters, Professor of applied economics at Johns Hopkins University and Professor of economics at Loyola College in Maryland respectively, in a post in the Wall Street Journal detailing the attack on the poor by big labor

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