“Many cities are pricey places to live.” That was the
opening line and major premise of a recent Los Angeles Times opinion
piece advocating that high-cost cities raise minimum wages to mitigate the
problem. I was struck by the fact that for years, the exact same basis was used
by the same left liberal groups to justify rent controls. Apparently, high
costs of living, largely caused by a panoply of government taxes, regulations,
and restrictions, justify still more government-imposed coercion in both the
labor and housing markets. Unfortunately, those government “solutions” are not
only based on flaws in basic economic logic, but they are mutually
contradictory.....To Read More.....
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