So the minimum wage and income inequality are in the news again. First of all, I’m really getting tired of the assertion that “One of Henry Ford’s great insights as a businessman was to realise that in order to create a mass market for his automobiles, he had to pay his workers sufficient to buy his products,” as Jeremy Warner at the Telegraph, and countless others, assert. This is debunked by Tim Worstall at Forbes, in an article in which he... Read more