The Winston-Salem Journal has a story about the push for a 16.5 percent hike in the minimum wage. The higher minimum wage increases the height of the first rung of
the economic ladder 16.5 percent, making it 16.5 percent more difficult
to reach that first step. The article includes the following quote that sums up the fundamental misunderstanding among advocates for the raise.
“Nobody ever
says that about the CEO’s salary, and all the advantages of CEOs, when
their salaries go up,” said the Rev. William Barber, the president of
the North Carolina chapter of the National Association for the
Advancement of Colored People.
The difference Rev. Mr. Barber is that CEO salaries are not
enforced on companies by government. If Congress or the General
Assembly (instead of the league) set minimum salaries for NBA players, or that back office staff had to earn as much as the lowest paid player on the Charlotte Bobcats, I’d complain just as much.
