Doug Altner talked about the recent minimum wage hike in Maryland to $10.10 per hour. This follows Connecticut’s hike to a similar number. Is it really going to help the working poor? Is it just and does the government have the right to force businesses to increase their costs and lower their profits in the name of helping these people. Doug says no, for many reasons, not the least of which is that such well intended measures actually wind up increasing unemployment and putting companies out of business.
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