Monday, July 27, 2009

Minimum wage (f)laws

As of July 24, the federal minimum wage has been raised to $7.25 per hour. The minimum wage law is simply a law that forces employers to discriminate against people with low skills. Minimum wage laws makes folks like this worse off.

My main man Milton Friedman can explain much more eloquently than I:


Eludius said...

And the fact is the overwhelming majority of people making minimum wage are under 18, not the head-of-household with a family of 4 that the government likes to use in their statistics.