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Vernon Smith On The Cruelty of the Minimum Wage

Tweet [1]

Here, in full, is a comment [2] that my emeritus Nobel-laureate colleague, Vernon Smith [3], left on my recent Facebook post [4] in which I shared an op-ed in opposition to minimum-wage legislation; Vernon here refers to proponents of the minimum wage:

Alas they know not the great damage they do to the entry-level poor who are denied a fair start.