Quote image editor
“The minimum wage is an example of coercion. Many people believe that it is an acceptable application of coercion because the minimum wage protects workers. It guarantees an hourly income, and many people have benefitted over the years from this federal wage floor. Many people have earned higher wages than they would have without minimum wage legislation. The dirty secret of the minimum wage, though, is that it doesn’t help everyone. Any number of people are hurt, and many of them are the same workers the minimum wage was intended to benefit.” — Antony Davies
The minimum wage is an example of coercion. Many people believe that it is an acceptable application of coercion because the minimum wage protects workers. It guarantees an hourly income, and many people have benefitted over the years from this federal wage floor. Many people have earned higher wages than they would have without minimum wage legislation. The dirty secret of the minimum wage, though, is that it doesn’t help everyone. Any number of people are hurt, and many of them are the same workers the minimum wage was intended to benefit.