Minimum-Wage, Minimum Workfoce?
George Mason economist Don Boudreaux suggests today in his blog Cafe Hayek that if it makes sense for the government to mandate an artificially high, above-market-clearing minimum wage for unskilled workers, then using the same logic, "why doesn’t the government require each employer to hire a minimum number of full-time employees?", say, maybe 4 full-time employees per firm, or, 1 full-time employee per firm for every $75,000 a firm earns annually in gross revenue?
Surely if the government "knows" what the correct wage is for unskilled workers, they would also "know" the correct minimum number of workers for each firm?
George Mason Law School dean emeritus Henry Manne summed it up pretty well today in the WSJ when he said (about a different issue): "Why do they (MP: politicians and busybodies) always concern themselves with successful businesses instead of founding their own?"