Last week, fast food workers in several major cities organized and walked out of their jobs at McDonald's, Wendy's, Burger King and other facilities most, at one time, would consider a rich "entry level" environment. Now union officials are seeing fast food places as sources for new members, where organization and representation could force franchise owners to pay their part time employees $15 an hour, and double the cost of a Happy Meal.
The minimum wage hike movement is well-meaning, but badly mistaken Acton Institute's Joe Carter writes. He gives "10 Things You Should Know About the Minimum Wage Debate." Here's the first five:
- Both sides of the debate believe they are arguing in defense of the poor.
- Economists disagree about the effects of small increases in minimum wages.
- The primary argument for minimum wage increase is that is increases the value of the worker’s labor.
- The primary argument against minimum wage increases is that it discriminates against those who have low-skills.
- The minimum wage redistributes wealth from the low-skilled poor to the more skilled working poor and middle class.
More on each of those points and five more is on Acton Institute's blog