Monday, January 20, 2014

And Inflation

Mostly this Charles Osgood piece on the minimum wage is unobjectionable, but it ends with "With Washington State topping the list [for state set minimum wages] at $9.32 an hour, that works out to $74.56 pay for an 8 hour shift. Almost 15 times Henry Ford's $5 per day."

I'm sure the typical Eschaton reader can see the problem with this.

(ht. r. porrofatto)