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Di Leo: From Minimum Wage to Maximum Damage

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By John F. Di Leo - 

The halls of Congress are ringing with the siren song of an increased minimum wage. Politicians who don’t have employees of their own promised their constituents fat sums of other people’s money during the campaign, and now they feel it’s time to delivery on the promise, by mandating that other companies raise the hourly wage they pay their employees. 

And it’s not just a raise, it’s a standard, a new flat number from coast to coast and border to border, determined arbitrarily, because it sounds neat and feels generous. 

The proposal on the table is to more than double the current federal minimum wage, from $7.25 to $15.00 per hour. On what is this new number based?  On the fact that several big cities have mandated this number, so the politicians can use their number and absolve themselves of responsibility for coming up with a proposal themselves. 

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