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Conservatives Support Higher Minimum Wage

May 20, 2014 in Economics

By Jeff Deist

Nixon

Let’s not kid ourselves: the so-called party of free markets and business supports minimum wage hikes, at least when put to a vote. Ramesh Ponnuru reminds us how GOP Senators voted on the issue back in 2007, and even offers a different approach for conservatives seeking to win the hearts and minds of working-class voters: forget wages, just subsidize low-income folks directly by expanding Nixon’s brainchild, the earned income tax credit.  Of course Milton Friedman also championed the concept of a negative income tax, a con that Hazlitt unraveled in Man vs. the Welfare State.

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Source: MISES INSTITUTE

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