Madsen: Raising mimimum wage hurts
Everybody has a first job story. Mine was ironing for my mother. I was 6 years old and the job paid a nickel a pillowcase. It had an element of danger and required concentration. I’m sure my mother turned down the setting on the iron and supervised, but I felt quite responsible. I learned the extrinsic and intrinsic rewards of work, money in my pocket and the pleasure of a job well done. A nickel was more than I was worth, but the benefits were priceless. Minimum-wage proponents defend mandatory wage packages as a benefit to workers, including both hourly rates and mandatory leave policies. Taken together, these wage packages can push the cost of labor beyond the value of the task/Sue Lani Madsen, SR. More here.