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Wednesday, February 19, 2014

Minimum Wage Laws Benefit Special Interests, Not The Poor

Read this analysis from the Mises Daily blog.

Quote:

Virtually everyone who supports higher minimum wages asserts their intent to help working families. But it may frequently be a false compassion whose common denominator is advancing one’s own self-interest while harming working families. That would also explain why so many are unwilling to seriously consider whether such compassion actually works, rather than just sounding good.