“Why not dictate that every employee earn several hundred thousand dollars a year?” asks Hunter Baker in this week’s Acton Commentary, “We could end every social problem with nothing more than political will.”
During a recent visit to Twitter, I happened across a post from a noted Christian academic. He had composed the kind of pithy remark which is tailor-made to launch a hundred admiring retweets. Paraphrasing slightly, it was something like this: “Conservatives, don’t talk to me about family values if you doesn’t endorse a minimum wage increase.” I am sure that he thought it was a pretty high-powered zinger.
The problem is that there is no necessary connection between family values and increasing the minimum wage. First off, there is a vigorous, unsettled debate over the effectiveness of the minimum wage. Economists differ substantially over whether it helps poor people, hurts them by reducing entry level job opportunities, or exerts little effect. It would be entirely possible for a proponent of family values to rationally conclude that the minimum wage is counterproductive and to therefore take the position the aforementioned prominent Christian academic presented as completely at odds with a “family values” perspective. This academic failed to take account of the fact that arguments about the minimum wage are not like arguments about something like gravity. There are respectable and even compassionate arguments on both sides.
Father Sirico argues that a free economy actually promotes charity, selflessness, and kindness, and why free-market capitalism is not only the best way to ensure individual success and national prosperity but is also the surest route to a moral and socially-just society.
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