Word: minimum
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Dates: during 1990-1999
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Although the Dayton accord has brought a bare minimum of peace to the Balkans, even that will not last if implementation of the civilian provisions fails, and none is more crucial than the one promising that the men who held the club and the gun will be arrested and tried. "How can I ever go home," says Hamdija, a Muslim refugee in Sarajevo, "if the man who killed my father goes free...
Throughout 1993 and 1994, when Democrats controlled Congress, President Clinton was mum about raising the minimum wage. In fact, he derided it as "the wrong way to raise the incomes of low-wage earners." What a difference an election year makes. Clinton has now made raising the minimum wage a test of political virtue...
...Democrat's destiny to traffic in compassion, but this transaction is particularly cynical. Why? Because raising the minimum wage will redistribute income not from rich to poor but among the very poorest workers...
Teachers, doctors, policemen, columnists are not affected by the minimum wage. Raise it, and no middle- or upper-class worker loses her job. But it is an iron law of economics--even Democrats cannot repeal it--that when you increase the price of something, you reduce demand for it. Raise the price of minimum-wage labor, and there will be less...
Result? Those who keep their minimum-wage jobs will be better off. And those who lose their jobs will be desperately worse off. It is the pay of those unlucky poor--not your pay, not mine--that will in effect be taken away and redistributed to those lucky co-workers who stay...