How Well Can a Worker Live Off of an Hourly Wage of $0.00?

by Don Boudreaux on August 30, 2013

in Myths and Fallacies, Reality Is Not Optional, Seen and Unseen, Wal-Mart, Work

Here’s a letter to Washington, D.C., news radio station WTOP:

Last night and this morning your news anchors introduced your report on D.C. Mayor Vincent Gray’s ambivalence toward the pending “living-wage” bill with this question: “Will the District force large retailers to pay their workers more?”

A more illuminating introduction would be “Will the District force low-skilled workers to demand wages that make many of these workers unprofitable to employ?”

Sincerely,
Donald J. Boudreaux
Professor of Economics
and
Martha and Nelson Getchell Chair for the Study of Free Market Capitalism at the Mercatus Center
George Mason University
Fairfax, VA  22030

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