(Steven Hayward) Regarding my item last Friday about the "expected" poor results from the higher minimum wage in Seattle, a perceptive reader offers the observation that the minimum wage should be better understood as a government ban on low-paying jobs: The term "minimum wage" does not serve us well. Only an employer can decide on a true "minimum wage," in the sense of a determination to pay no less than some level.
Source: Power LinePower Line