Townhall: Barack Obama and the Teachable Wage
This weekend’s Townhall contribution from Yours Truly expands on a point made here on Friday: Raising the minimum wage does not help the poor … so why not press the point?
For your further consideration, including extensive work on the racial effects and racist origins of minimum wage laws:
- “Sense and Nonsense on the Minimum Wage,” by Donald Deere, Kevin M. Murphy, and Finis Welch, Regulation 1995 No. 1
- “Herman Cain on Obama’s call for higher minimum wage,” Herman Cain interviewed by Neil Cavuto, Fox Business
- “The Economics of the Colour Bar,” by W.H. Hutt
- “Minimum Wage Escalation,” by Thomas Sowell, Hoover Institution pamphlet, undated
- “Eugenics: Progressivism’s Ultimate Social Engineering,” by Steve Horwitz and Art Carden, Freeman
- “Krugman and a Critic on the Minimum Wage,” by David Henderson, EconLog, February 16, 2013
There is of course a long history and bibliography on the economics of price floors like the minimum wage.
If we cannot by reason, by influence, by example, by strenuous effort, and by personal sacrifice, mend the bad places of civilization, we certainly cannot do it by force.
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