Prices go up, and so does mine. The laws of supply and demand aren't just at the pumps or the checkout counter. If you have something someone else wants, namely skills, then you have to stand up for yourself and name your price (William Shatner ain't gonna do it for ya). Obviously there's still plenty of work to go around, so all this does is maybe thin out more of the riff-raff and deadbeats from the workforce. In a PHRASECENSOREDPOSTERSHOULDKNOWBETTER. economy, this sort of incentive is stifled, as workers get their salaries capped no matter how hard they work or how good they are at what they do. Free enterprise and a little gumption is how paupers get made into millionaires. Well, that and successful criminal activity, but that can happen in any economy.

A good line from Godfather II, politics and crime are no different.
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The ultimate result of shielding men from the effects of folly is to fill the world with fools.
-- Herbert Spencer, English Philosopher (1820-1903)