The Argument For A Lower Minimum Wage Reveals The Idiocy Of Untempered Ideology

A $4 minimum wage can get people back to work. "One goal should be to make it easier for companies to hire the long-term unemployed. And a step forward would be to let companies pay the long-term unemployed less by lowering the minimum wage for them...If we knocked the minimum wage down to, say, $4 an hour, we would significantly mitigate employers' risk from hiring a long-term unemployed worker. Allowing employers to pay this group of people 45 percent less than other minimum-wage workers provides a strong incentive for businesses to give the long-term unemployed a shot." Michael R. Strain in Bloomberg.