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The free market is fixing income inequality

Editors, Washington Examiner

All wages are rising, but the lowest wages are rising the most. Inequality is being mitigated not by regulations, mandates, or transfers but by the good old laws of economics. “Nonsupervisory workers,” which is to say the vast majority of workers, are seeing their wages rise faster than any time since the Bush presidency. This reduces income inequality. Yet the folks who emit the most carbon dioxide worrying about inequality have been quiet about the news. We think we know why. Workers are in high demand relative to the supply, and so employers have to pay them more. It’s not that employers have to pay them more because it’s the law. Employers have to pay more because the free market demands it.