Friday, January 2, 2009
Connecticut Democratic Legislators Don't Know Much About Economics
This article at JournalInquirer.com discusses new laws going into effect in Connecticut. One of them passed over the Republican governor's veto was an almost 5% raise in the minimum wage. The argument for it was that "Supporters say the increase is necessary for workers, particularly in a sluggish economy...". Yeah, that's it, we will have less workers but they might be paid a little more. Increasing business' costs in a recession will certainly increase job growth. I think not.