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The Failed Moral Argument for a "Living Wage"
Mises Institute ^ | SEPTEMBER 4, 2015 | Ryan McMaken

Posted on 09/03/2015 9:40:54 PM PDT by aquila48

With Labor Day upon us, newspapers across the US will be printing op-eds calling for a mandated “living wage” and higher wages in general. In many cases, advocates for a living wage argue for outright mandates on wages; that is, a minimum wage set as an arbitrary level determined by policymakers to be at a level that makes housing, food, and health care “affordable.”

Behind this effort is a philosophical claim that employers are morally obligated to pay “a living wage” to employees, so they can afford necessities (however ambiguously defined) on a single wage, working forty hours per week. This moral argument singles out employers as the morally responsible party in the living wage equation, even though the variables that determine a living wage go far beyond the wage earned.

(Excerpt) Read more at us1.campaign-archive2.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
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1 posted on 09/03/2015 9:40:54 PM PDT by aquila48
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To: aquila48

Yes, the $15 crowd will probably be out in force on labor day. This article explains the issue well, but I’m afraid that minimum wage workers wouldn’t understand it even if they read it.


2 posted on 09/03/2015 10:18:47 PM PDT by Rusty0604
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To: Rusty0604

I agree...

People’s ignorance of our constitution is only exceeded by their ignorance of economics.


3 posted on 09/03/2015 10:32:22 PM PDT by aquila48
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To: aquila48

I’m a fortunate senior, in that my fixed income is fixed at a very nice level. What’s this “living wage” nonsense going to do to seniors who do not have a high level of fixed income.

The question is rhetorical because I know the answer and it’s simple to anyone except low I.Q. liberals.


4 posted on 09/04/2015 12:51:02 AM PDT by Graybeard58
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