LOki
The Yaweh of Mischief
- Mar 26, 2006
- 4,084
- 359
- 85
"In truth, there is only one way to regard a minimum wage law: it is compulsory unemployment, period. The law says: it is illegal, and therefore criminal, for anyone to hire anyone else below the level of X dollars an hour. This means, plainly and simply, that a large number of free and voluntary wage contracts are now outlawed and hence that there will be a large amount of unemployment. Remember that the minimum wage law provides no jobs; it only outlaws them; and outlawed jobs are the inevitable result."
" Too often, we give the benefit of the doubt to folks who support a higher minimum wage. We shouldn't. There are only two reasons someone would support so bad an idea: either they don't realize the economic harm it causes, or they want the harm."
They know what they're doing; they want to do the harm.
" Too often, we give the benefit of the doubt to folks who support a higher minimum wage. We shouldn't. There are only two reasons someone would support so bad an idea: either they don't realize the economic harm it causes, or they want the harm."
They know what they're doing; they want to do the harm.