Location, location, location are the three most important things for any business. Looking at the state as a business, we have one of the best locations of any state. We are located in the center of 2/3rds of the
In order for
A proposed increase in the minimum wage law is a good example of government interference causing more harm than good. During the 2006 session I had a conversation with Senator Jon Hunter about the proposed increase. Jon thought this would be good for the states lowest paid worker giving them a pay increase, but that is not the reality. The reality is many of the states lowest paid workers will lose their jobs. Simple economics is the reason. As wages are artificially increased without a corresponding increase in business growth or productivity, then the simple solution for any business is to compensate by cutting the work force. This creates additional unemployment. Instead of getting a pay increase, the lowest paid workers loose their jobs. These jobs will be gone until market forces come back into balance which is when the economy can actually support the new minimum wage.
I believe the answer to bringing capitalism back to the state is through education. I have known Jon for a long time, and he is a smart individual, but you only know what you have been taught. I doubt Jon was ever taught how capitalism works. I, myself, am a product of the
The key to a thriving future
[i]Bureau of Economic