Minimum wage laws are a subtle form of discrimination against youth and other disenfranchised workers.

Amplify’d from reason.org

If lawmakers want to help kids find jobs, they would have more luck fixing the flaws in their current policies, not introducing new ones. The big culprit here: the minimum wage. Minimum wage laws kill jobs by making employing workers more expensive. Youth are especially vulnerable to this phenomenon because they, of all segments of the population, are most likely to work minimum wage jobs: the economics literature is quite clear on this point. Remove the minimum wage and you remove a substantial disincentive to hire young workers. New government interventions, like a make-work program for kids, would only be the latest in a long series of misguided, if well-intentioned, plans to help struggling workers.

Read more at reason.org

 

Advertisements