Increasing minimun wage may increase labor cost, but required to lift up a deflationary economy. Implementing a Wage Policy is one of the macroeconomic measures to pump prime the economy and create more jobs. Regulatory bureaucrats see to it that the free market system is not made dysfunctional by capitalist greed or held hostage by profiteering monopolists antagonistic to labor. It is this balancing act of regulatory bureaucrats or intervening government entities that gives opportunity for our free market system to create jobs.

 "It is this balancing act of regulatory bureaucrats or intervening government entities that gives opportunity for our free market system to create jobs."

So what are you saying here Bakadude?

That for a free market to be free, it has to be controlled by government? That it isn't truly free unless it is manipulated and "regulated?"

SHEESH!

Ken Valentine (#03512) -- The answer is YES. Our free market system is not free unless the greed of monopolists that controls the market is government-regulated.

I do not fault you when you ask me of this question which is "unthinking" or perfunctory commonly posed by anti-government gripers having a hard time in understanding what the free market system is all about. Your question is: "That for a free market to be free, it has to be controlled by government? That it isn't truly free unless it is manipulated and "regulated?" ".

Please be aware that regulations that maintain order to insure the function of our free market system are NOT, CONTRARY TO WHAT YOU ARE THINKING -- MANIPULATION!!! To clarify debris of doubt out of your mind, manipulation is control of the market by monopolists to satiate their greed for profit, whereas regulation is order to stop this manipulation so that the free market could function properly in our free enterprise economic system. Clear?