Bonus Quotation of the Day…

by Don Boudreaux on May 22, 2015

in Hubris and humility, Seen and Unseen, Work

… from a recent Facebook post by Truong Bui; it’s a wise response to an article by Daniel Kuehn in which Kuehn argues that minimum-wage rates are best set locally rather than nationally:

Why don’t you take that “local approach” one step further, by allowing EACH firm to set its own wage levels? By your own reasoning, diverse circumstances of INDIVIDUAL FIRMS suggest that FIRM-LEVEL voluntary wage policies may be more appropriate than the one-size-fits-all approach of a state or even local minimum.



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