9/12/2006

Minimum Wage Socialism

Cato has the big-box business down nicely here.  As soon as you have government setting wages, you have that old-time socialism, (though only) part-ownership of means of production.  That is, he who decides wages is making an owner's decision.  It goes for big stores in Chi -- thank you, Mayordaley II -- and for big and little ones throughout the land.

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