The Cruelty and Carnage of the Minimum Wage: The Case of Tad

Via Foundation For Economic Education

"If your goal is to ruin the lives of young and marginalized population groups, raising the wage floor to $15 an hour is a good plan. Already, much of the current problem with youth unemployment is due to the high minimum wage increases we’ve seen over the last eight years. 

"After all, the original purpose of the minimum wage was to disemploy undesirables. Not having a job means not participating in the fullness of life. It’s a big deal. 

"A wage floor of any sort traps people in the economic basement. The higher the floor, the larger the basement. Today, millions are rattling around down there, unable to find their way out. Millions more will find themselves there once all this legislation goes through."

Article here:  https://fee.org/articles/the-cruelty-and-carnage-of-the-minimum-wage-the-case-of-tad/?utm_source=newsletter&utm_medium=email&utm_campaign=fee%20weekly&mkt_tok=eyJpIjoiWTJGak5XTmtOMkZqTVRJMiIsInQiOiJsWVwvWnIwRitIZ0VKalF0ZjUxY1wvcFFqTVBNTlFPYXhSeWNXRERyQWk2bW9tdnFMc1MyZUF5M1E3SHpBSFNZR3F6Vkk4QytQSTlkaG1sZjZnOFcwSGhWbWlkVlZJZnRTcVB3dVwvV3pQcFwvemc9In0%3D