Quotation of the Day…

by Don Boudreaux on January 22, 2015

in Crony Capitalism, Immigration, Seen and Unseen, Work

… is from a long-time and perceptive friend – an historian – who e-mailed this observation to me yesterday (ellipses original):

NPR this morning was noting that “even some conservative states raised their minimum wage!” I can’t help but wonder, What kind of conservative? I suspect, being the cynic that I am, they are not our sort of “conservative,” but rather these states knew full well who would be hurt…poor immigrant laborers.

Indeed so.  That’s the history of minimum-wage legislation: price competitors out of jobs.  How humane.  How “Progressive.”

How, in fact, appalling.

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