My 9/11 buddy, George Will is right:

-- A FEDERAL minimum wage is an idea whose time came in 1938, when public confidence in markets was at a nadir and the federal government’s confidence in itself was at an apogee. This, in spite of the fact that, with the 19 percent unemployment and the economy contracting by 6.2 percent in 1938, the New Deal’s frenetic attempts had failed to end, and perhaps had prolonged, the Depression.

Today, raising the federal minimum wage is a bad idea whose time has come, for two reasons, the first of which is that some Democrats have a chronic and evidently incurable disease - New Deal Nostalgia. Witness Nancy Pelosi’s “100 hours” agenda, a genuflection to FDR’s 100 Days. Perhaps this nostalgia resonates with the 5 percent of Americans who remember the 1930s.

Second, the president has endorsed raising the hourly minimum from $5.15 to $7.25 by the spring of 2009. Besides, there would be something disproportionate about the president vetoing this feel-good bit of legislative fluff after not vetoing the absurdly expensive 2002 farm bill, or the 2005 highway bill larded with 6,371 earmarks, or the anti-constitutional McCain-Feingold speech-rationing bill.

Of the 75.6 million paid by the hour, 1.9 million earn the federal minimum or less, and of these, more than half are under 25 and more than a quarter are between 16 and 19. Many are students or other part-time workers.

Sixty percent of those earning the federal minimum or less work in restaurants and bars and are earning tips - often untaxed, perhaps - in addition to their wages. Two-thirds of those earning the federal minimum today will, a year from now, have been promoted and be earning 10 percent more.

Ronald Blackwell, the AFL-CIO’s chief economist, tells The New York Times that state minimum wage differences entice companies to shift jobs to lower-wage states. So: states’ rights are bad, after all, at least concerning - let’s use liberalism’s highest encomium - diversity of economic policies.

But the minimum wage should be the same everywhere: $0. Labor is a commodity; governments make messes when they decree commodities’ prices. Washington, which has its hands full delivering the mail and defending the shores, should let the market do well what Washington does poorly.

On 9/11/2001 George Will and I passed in the lobby of a hotel in Minneapolis.  Five minutes later I heard that some planes had crashed into the World Trade Center.