My latest at The Hill on raising the minimum wage:
It’s fairly easy to see the folly of this plan.
Raising wages by legislative decree does not help workers; it hurts them. When something, anything, becomes more expensive, less of it will be purchased. We readily understand this in the context of goods and services (if one grocery store raised prices by 70 percent, would you keep shopping there?) but in the context of labor, people become skeptical despite the fact that the evidence is overwhelmingly clear.
