by George Leef
Writing on the AEI blog, economics professor Mark Perry suggests rewriting an Obama speech calling for an increase in the minimum wage to $10.10 so that it calls for a maximum wage of half that. The logic is no different — or any better. Here’s his piece.
Government should no more dictate maximum wages than minimum wages — or any other price. Prices should be a matter for the parties to a proposed contract to settle upon, not for politicians to write into law.