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Labor/Employment,
Government

Feb. 5, 2015

Minimum wages: you can't fake reality (forever)

Although government performs necessary services and provides an infrastructure that facilitates the production of wealth, it almost never creates wealth itself.

James P. Gray

ADR Services Inc.

Business and commercial contracts, real estate, construction, employment, PAGA, probate, legal malpractice

19000 MacArthur Blvd #550
Irvine , CA 92612

Phone: (949) 863-9800

Fax: (949) 863-9888

Email: jimpgray@sbcglobal.net

USC Law School

James is a retired judge of the Orange County Superior Court, a private mediator and arbitrator with ADR Services Inc., the author of "Wearing the Robe: the Art and Responsibilities of Judging in Today's Courts" (Square One Press, 2009), and the 2012 Libertarian candidate for vice president, along with Gov. Gary Johnson as the candidate for president.

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Reality: Although government performs some necessary services, like military and police protection, and provides an infrastructure, like highways and dams, that facilitates the production of wealth, it almost never creates wealth itself. Instead, government takes large amounts of resources away from people and businesses, keeps a big part for itself, and re-distributes the rest. So increasing government spending does not spur economic growth - mostly it is the reverse.

Reality: Si...

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