Vance, Like Biden, Flunks Econ 101: Backs Hiking Federal Minimum Wage
Michael Chapman
Donald Trump’s vice presidential running mate, Republican Senator J.D. Vance (OH), is a very smart and admirable man, but when it comes to basic economics—economics vital to liberty—he apparently is lacking. Vance supports price controls, specifically hiking the federal minimum wage to $11 an hour. This will raise costs for businesses and consumers and (as most studies still find) will kill jobs, especially for younger workers.
Vance is not alone in his devotion to government manipulating prices, of course. Читать дальше...