Mark Perry and the WSJ point out what anyone who understands basic Economics already knows… the overall effect of a minimum wage increase is always negative and can not be positive.
After all, if minimum wage laws could have positive net effects and politicians can legislate the creation of wealth with artificial price controls, why are they always being so stingy and miserly with such pitifully small increases; why don’t they boost the minimum wage for unskilled workers up to something more respectable like $25, $50 or $75 per hour?
As I’ve said before, if what you do isn’t worth the minimum wage, the law requires you make $0
Dorothy Gaiter and John Brecher have written their last column for the Wall Street Journal.
They were my earliest and biggest influence when it comes to discovering wine. They had a significant impact on not only what I drink, but how I enjoy life; the first people telling readers to trust their own palates. I don’t know if they know how much good they brought to the readers of the WSJ, but I am grateful and wish them nothing but the best.
Here’s the bottom line: Wine isn’t a spectator sport. It’s utterly intimate. Don’t let anyone tell you what you should like, including us. Try wines broadly—there have never been so many good ones, at all prices, on shelves—and keep raising your personal bar for what is truly memorable, so that you are always looking for the next wine that will touch your soul and make you feel you’ve gone someplace you’ve never been before. It’s not about delicious wines. It’s about delicious experiences. May your life be filled with them.
Hopefully for their readers, they will still write about wine, just somewhere else. I hear this internet thing is taking off.
Crossposted at The Grand Crew