- Cafe Hayek - https://cafehayek.com -

Bonus Quotation of the Day…

Tweet [1]

… is from Princeton University economist and historian Thomas Leonard’s April 5th Los Angeles Times op-ed, “Minimum wages were first designed to keep women and minorities out of jobs [2]“:

When California legislators voted to raise the statewide minimum wage to $15 per hour by 2022, labor activists cheered. Discounting fears that a $15 minimum might cost some low-wage workers their jobs, activists and their political allies celebrated a victory for fairness and economic justice.

Progressive labor activists took a very different view 100 years ago, when 15 states established America’s first minimum wages. Labor reformers then believed that a legal minimum would hand a raise to deserving white Anglo-Saxon men, and a pink slip to their undeserving competitors: “racially undesirable” immigrants, the mentally and physically disabled, and women. The original progressives hailed minimum-wage-caused job losses among these groups as a positive benefit to the U.S. economy and to Anglo-Saxon racial integrity.

Comments