This article covers the interesting fact that a high minimum wage seems to correlate to more income inequality.
Our leftist friends have decided that income inequality is a scourge that must be addressed.
That might be a noble goal if they were motivated by a desire to improve the lives of the less fortunate.
Based on their policy proposals, though, it appears that the main goal is to punish the so-called rich. And they’re so fixated on that objective, Margaret Thatcher pointed out, that they’re willing to make the poor worse off.
But maybe their feelings of self-loathing and guilt are justified. After all, it seems that statist policies are actually associated with higher degrees of income inequality.
Let’s see what Steve Moore and Rich Vedder discovered when they looked at evidence…
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