Sunday, October 28, 2007

Minimum Wage

It would strengthen America to increase the minimum wage from $5.85 to $12 per hour (less if in euros). Of course, the minimum wage should increase each year based on the CPI. For example, if inflation as measured by the CPI goes up 2.3% in 2007, then the minimum wage in 2008 should be $12.28 per hour.

If we also deported illegal aliens and tightened our border with Mexico, there would be plenty of jobs available to disadvantaged Americans. As most people know, a job is the best welfare program. The higher minimum wage combined with a lower unemployment rate would go far toward correcting our lopsided income distribution, leading to more economic justice and less social unrest (fewer crimes).

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