Rather than legislatively ratcheting up the legal minimum wage, with the attendant political grandstanding, hand wring, and finger pointing (we leave anything out?), how about this? Let’s kick the economy into high gear so that it expands so robustly that employers are pushed into competing for workers through the radical, unheard of mechanism of offering them higher wages?
Sounds way over the top, perhaps, but it is working in North Dakota as Rob Port of the Daily Signal reports:
As policymakers in Washington, D.C., debate raising the federal minimum wage, entry-level workers in North Dakota enjoy pay levels nearly twice the current federal minimum.
The legislators would have to get out of the way and the bureaucrats would have to stand down.
Price we’d have to pay.