Not quite folks...

Reading the news, they are going to raise the minimum wage. And of course its being heralded as the greatest thing ever to help the under-paid minimum wage worker.

Lets run this through its course.
Raise the minimum wage.
Workers are happy
Cost of everything now goes up
So in the end, nothing has changed.

Cost of living will be forced up, due to the rise in production. Thus negating the wage increase.

Don't get me wrong here, I'm ok with helping the underdog (to a degree) but this is not the solution that people think its going to be.

Now that I think about it, why is the Govt in the business of managing the "free market" anyway??