Boudreaux on Minimum Wage

quotes economics minimum wage

19 May 2014

Don Boudreaux on minimum wage legislation:

Low-skilled workers have a difficult enough time of it as it is. Their best hope for finding and keeping gainful employment is their willingness to work for less pay than more-skilled workers demand. Minimum-wage legislation strips from low-skilled workers this option, their premier bargaining chip. Ponder this reality if you’re ever tempted to think of minimum-wage supporters as being enlightened and humane. They might be one or the other, but they are certainly not both.

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