Check out the latest commentary at the Nassau Institute. This week's topic is Raising the Minimum Wage By Dr. Hans F. Sennholz.
Here's a little snippet:
Good intentions, when guided by error and ignorance, may have undesirable consequences. There is no better example than minimum wage legislation. It means to raise the wages and improve the living conditions of poor workers but actually condemns many to chronic unemployment. It forcefully raises the costs of unskilled and inexperienced labor and thereby lifts it right out of the labor market.
Click here to read the entire article.
