Mises Wire

Home | Wire | Conservatives Support Higher Minimum Wage

Conservatives Support Higher Minimum Wage

  • Nixon.jpg
0 Views
05/19/2014

Let's not kid ourselves: the so-called party of free markets and business supports minimum wage hikes, at least when put to a vote. Ramesh Ponnuru reminds us how GOP Senators voted on the issue back in 2007, and even offers a different approach for conservatives seeking to win the hearts and minds of working-class voters: forget wages, just subsidize low-income folks directly by expanding Nixon's brainchild, the earned income tax credit.  Of course Milton Friedman also championed the concept of a negative income tax, a con that Hazlitt unraveled in Man vs. the Welfare State.

Jeff Deist is president of the Mises Institute. He previously worked as chief of staff to Congressman Ron Paul, and as an attorney for private equity clients. Contact: email; twitter.

Add Comment

Shield icon wire