Showing posts with label richard vedder. Show all posts
Showing posts with label richard vedder. Show all posts
Sunday, August 2, 2009
More issues with so called minimum wage laws
"Advocates of higher minimum wages are often motivated by the purest of concerns for the poor. However, the minimum wage has been described as a "maximum folly" by many economists for many years because it hurts precisely the people who most desperately need help. Self-styled friends of the poor are unrelenting in their advocacy of a higher minimum wage, but with friends like these, the poor do not need enemies."
To the right is a book written by two gentlemen from Southeastern Ohio about Unemployment and Government. This is a great book.
Labels:
lowell gallaway,
minimum wage,
richard vedder,
socialism
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