The Minimum Wage Does More Harm Than Good
30th January 2023
Minimum wage advocates somehow think that their wishful thinking can override basic economics. But no matter how much they tell you otherwise, supply and demand are a thing. Raising the cost of labor will mean less labor employed, all other things being equal.
But every so often, we get an economic study that claims basic economics has been overturned.
But as André Marques explains, no matter what these studies purport to show, the minimum wage creates unemployment and a lack of opportunity for people with little or no work experience or skills.