For starters, peg the minimum wage to inflation.
And honestly, we need to rethink free trade. “Free Trade” was big in the old British Empire, and it helped destroy it. Read the literature on why they did not appreciate the tariffs that US (and later Canada) used to build up their own infrastructure.
Oh goody, another pro life liberal econ idiot……..sheesh…….
There needs to be a Milton Friedman test to join FR…..we’d save so many absurd comments…….(yeah, I’ve seen your posts on other threads too…)
Minimum-wage laws lock entry-level workers out of the market.
Minimum-wage laws are at their heart a racist union tactic.
The first federal minimum wage law was passed because black workers were underbidding white union workers for jobs.
The year the first federal minimum wage law was passed was the last year that the black unemployment rate was lower than the white unemployment rate.
Minimum Wage Madness, by Thomas Sowell
So which Communist union do you belong to?
The minimum wage is not a wage. It’s a regulation. Companies are not obligated to pay it.