Trusted local news leader for Prescott area communities since 1882
Mon, July 22

Letter: Misunderstanding


In a recent column, my friend Tom Cantlon is pleased to again tell us why minimum wage laws, more labor strikes and sick-outs are good things. According to Tom, those are what brings progress and prosperity.

And Tom laments efforts by our state Legislature to reduce the minimum wage for students.

These and other myths are based on fundamental misunderstandings of how the world actually works. Some examples: “The abundance of goods and services we have today are the result of a process easily mimicked in detail by smart people and government planners.”

More: “Benefits can be created without costs. Good intentions ensure good results. The only consequences that occur are those that are easily anticipated and seen.”

None of those are actually true, as experience teaches us over and over. It’s discouraging to be reminded that level of misunderstanding and confusion is wide spread, and even taught in many schools and universities today.

John Stevens



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