They are both basically the same thing. Both are job killers. Look, most of the jobs in our country come from small business. When government dictates the wage, that means that jobs that used to be available, no longer are created at all. If I think it is worth it to work for someone for a given amount, even if it is less than the government, in all their esteemed wisdom (sic), have edicted that I must be paid, what business is it of theirs? Shouldn't it be between me and the employer?
If you cede your ability to make these choices for yourself, and choose where you work, you have ceded more of your decision-making to the government. Right now, we make the decision where we work. If I don't think a company is treating me the way I want to be treated, or paying me what I think I should be making, I can quit and go work elsewhere; or start my own company, for that matter. If a lot of other talented people feel the same way and quit, guess what, that company will be forced by the market to start offering better salaries and perks, or the market will force them out of business.
But, just to sit back and ask the government to take the place of the market, well, that is what far too many people have done for far too long and is one of the reasons why our economy is in the toilet right now.
