Friday, May 22, 2015

Warren Buffett weighs in on the Nashville Mayoral Race

...albeit indirectly:
Warren Buffett thinks a $15 minimum wage will 'reduce employment in a major way, crushing many workers'

The issue was raised in the Nashville Mayoral race by Megan Barry, who supports what she calls "a living wage," one that is set by the government.  The only candidate on the same side of the issue as Buffett is David Fox.

In case you have forgotten Chapter 2, a minimum wage outlaws voluntary wealth creating transactions at prices below the minimum, which reduces welfare.

BLOGGING DISCLOSURE:  I support Fox (previous post here).

1 comment:

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