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55 sats \ 1 reply \ @Undisciplined OP 28 May 2024 \ parent \ on: California Dreamin’: Minimum Wage Hikes Lead to Fewer Jobs and Higher Prices econ
Tom Woods made such a good point about minimum wage laws: they punish the person least deserving of punishment.
We can infer that someone's employer literally made them the best offer, out of every other person on Earth. So, why are we going to that person and telling them they need to do more?
Exactly. I think a case can be made that the world would be better off without wage floors. It is basically an unemployment program.
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