To The Editor:
Dear Sen. Peralta, instead of raising the minimum wage to a measly $9 an hour, why not make it $100 an hour? Then everyone would be able to pay all their bills easily and build up a nest egg for a comfortable retirement. The problem is that employers would not be able to pay it, many would be shut down, and many people would be thrown out of work. As long as the minimum wage is set above the actual market value of the work of the lowest-skilled workers, the same thing will happen, albeit on a smaller scale, with the minimum wage set at lower levels.
The minimum wage is one of the most evil policies ever conceived by the mind of man. It makes it illegal to hire someone without education or experience for what their work is actually worth in the marketplace, cutting off the bottom rungs of the economic ladder for the very people who have the toughest time getting a start in the world of work. Without the minimum wage (and other obstacles to hiring entry-level workers), the problem of teenage unemployment would disappear.
Supporters of the minimum wage undoubtedly think it’s benevolent, but it is actually the opposite. Whenever you’re taking pride in how beneficent you are for legislating higher wages for low-skilled employees, you should stop and think about all the people you are preventing from finding work. When government tries to legislate value, it causes more problems than it solves.