Some Questions about Minimum-Wage Legislation

by Don Boudreaux on October 9, 2009

in Country Problems, Prices, Seen and Unseen, Work

How many people who recognize that American firms have a more difficult time staying in business — or must reduce their costs of production — the lower are the prices charged by foreign competitors are the same people who dismiss the idea that a higher minimum-wage is a burden significant enough to cause firms to economize further on their use of low-skilled workers?

Just asking.

In a related vein, Philip Greenspun asks similar questions.

(HT Eric Hanchrow)


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