Time for a confession.
I don’t particularly enjoy writing columns about the minimum wage because it’s such a slam-dunk issue. Simply stated, it is cruel and illogical when politicians mandate wage levels that are higher than the productivity of low-skilled workers.
Yet, at the risk of being repetitive, I periodically share evidence showing that higher minimum wages lead to more unemployment
(see here, here, here, here, here, here, here, here, here, and here).
The issue also is disturbing because I’ve had several friends on the left privately admit that they understand that jobs are lost when the minimum wage goes up, but they think that’s okay because it’s a good political issue for their side.
How utterly immoral. And racist, at least in outcome if not intent.
Today, though, I’m actually excited to write about the topic because I…
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