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RE: Chef Marcello: Business Owner, Critic of Minimum Wage and Regulations
Minimum wage isn't needed with sound money, because then a central bank is not redistributing wealth from the poor to the rich every year by 3% to 5%+ through the printing of money for bankers, which dilutes earnings and standards of living for people. A labor market that isn't manipulated by a banking cartel, wouldn't have a problem arriving at decent living standards.
Well said my friend! It is the State's attempt to solve a problem that the State has caused in the first place. The Hegelian dialectic strikes again!