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$7.25 for your thoughts

First of all, the headline on this item -- "Minimum wage increase in Indiana voted down" -- is a tad sloppy. A minimum wage increase for the whole country was voted down -- Indiana is perfectly free to raise its own minimum wage if our legislators are that stupid. Second, we learn here one of the ways Sen. Richard Lugar is not a conservative:

Indiana Senators Richard Lugar and Evan Bayh supported the amendment to raise the minimum wage to $7.25 an hour.

Increases in the minimum wage not only do not do what it is said that they do, better the lot of the most economically disadvantage. They actually make things worse for many of them. If you follow all the links on this post, you'll learn more than you wanted to know about the economics of the minimum wage.

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