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Minimum Wage Hikes will Only Hurt the Poor in 2017

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One thing this new year brings with it will be higher salaries for unskilled workers... well, either that or less jobs for them, higher expenses for them and everyone else, longer wait times to get service and many businesses with either be forced to automate their low skill jobs or will just shut down completely.

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Those who nourish the hope that it will be possible to keep central government free of the corrupting tendencies of power and to staff it with a freedom-loving elite, overestimate the virtues of both the electorate and the elected, and underestimate the normative power of structural processes even over well-intended functionaries.

- Robert Nef