Doakes Sunday: Dubious Solutions
By Mitch Berg
Joe Doakes from Como Park emails:
The Labour Party in Britian proposes to tie the minimum wage to average earnings.
Doesn’t this simply shift the fight to Whose earnings? Everybody? Only Union? Excluding Government? Basing the minimum wage paid by McDonalds on the average wage paid to bureaucrats in Washington – is that sensible?
Rife for political manipulation without transparency or accountability, just like every CBO report.
I know – let’s tie the minimum wage to an international monetary standard like the Libor, that will eliminate all chance of manipulation of the standard.
Joe Doakes
People seem amazed that when you turn things over to politicians, the solution is inevitably political.
June 1st, 2014 at 9:43 pm
Basing the minimum wage paid by McDonalds on the average wage paid to bureaucrats in Washington – is that sensible?
No — but I’d support the converse whole-heartedly. It might be the only way to shrink government bureaucracy.