Saturday, August 01, 2015

Inadvertent experiments in minimum wage

And their consequences... fallout in Seattle (Fox) while New York announces its own (Reason).

More: what gay marriage has in common with arguments against minimum wage - why should the state intervene in "acts between consenting adults"?

More (DailyCaller): An update on the CEO who raised wages for his workers to $70,000 (NYTimes). I like experiments like this - but they should be kept to the private sector. If this experiment succeeded in building an even greater business it would have meant other companies would have copied those ideas much like how Ford tripled his wages to actually achieve and retain greater productivity in his work force (Forbes).

Update: Glenn Reynolds at Instapundit quips: "but the robot community is very excited."

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