Larry Kudlow isn’t the greatest on economics, especially on trade now that he has joined forces with the Trump administration, but he is still sympathetic to the free-enterprise cause.
On Thursday, the White House economic advisor was asked during a forum on small business about the federal minimum wage. He was blunt: it’s “a terrible idea.”
“My view is a federal minimum wage is a terrible idea, terrible, and will damage particularly small businesses. To force them to kind of take a payroll increase would be silly,” the former CNBC host said.
For Kudlow, it’s the geography that matters.
“Idaho is different than New York. Alabama is different than Nebraska,” he said. “That’s why the federal minimum wage doesn’t work for me.”
While it’s a good start, he should gripe about the overall minimum wage, which should be abolished.
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