March 24, 2014
Dear Mr. President:
You want to decrease income inequality, and I agree.
You want to increase the minimum wage; yes, that would be helpful for those in the lower-paid parts of the American labor market and would not create costs for run-of-the-mill taxpayers.
You are unlikely to get much help from Congress on either issue, and must rely on your executive powers to bring about change.
With all that in mind, let me make a modest suggestion: impose a minimum wage, of sorts, on foreign workers. Read more...