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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.


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.