What Cost NY Minimum Wage “Kool-Aid”? $15/hour | A Milton Friedman Moment for Me. And You.

23 July 2015 AD
10 Av 5775

New Yorkers celebrate of $15/hour minimum wage for fast-food workers. Do they truly understand what will happen next?

NY Times story: New York Plans $15-an-Hour Minimum Wage for Fast Food Workers

click on image above for full story from NY Times
click on image above for full story from NY Times

What did economist Milton Friedman say about the minimum wage?

While we continue to say ours is a “free market society”. It is not. Thomas Jefferson warned us time and again against the perils of big government. Consider these statements of our third President:

Were we directed from Washington when to sow and when to reap, we should soon want.

The two enemies of the people are criminals and government, so let us tie the second down with the chains of the constitution so the second will not become the legalized version of the first.

Government big enough to supply everything you need is big enough to take everything you have … The course of history shows that as a government grows, liberty decreases.

We Americans are on a course toward national bankruptcy and we’ll bring down the entire world with us. Growth of government is unsustainable. We now have federal regulations in place that inhibit the hiring of inexperienced teenagers and drive capital offshore.

Hopefully, the soon coming Article V Constitutional Convention, if coupled with nationwide spiritual revival, may save America the beautiful from becoming the America that was.

milton friedman - world runs on individuals persuing their separate interests

John White​
Rockwall, Texas

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