Minimum Wage Statutes Have Unintended Consequences

Don Boudreaux has some good comments on minimum wage/living wage laws at this link. Here is the first paragraph:

“Writing in today’s Baltimore Sun, Marta Mossberg correctly argues that a proposed “living-wage” bill for Baltimore will hurt the poor. This unintended effect is the inevitable result of prohibiting workers from accepting any wage lower than $10.57 per hour – a wage well above the hourly value that many unskilled workers are capable of producing for employers.”

The Farmer


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