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Another author who advocates for the removal of the minimum wage is Thomas Sowell, primarily because he views it as enforcing racism (similar reasoning as the l
by natecavanaugh 9y ago
Another author who advocates for the removal of the minimum wage is Thomas Sowell, primarily because he views it as enforcing racism (similar reasoning as the link you referenced).
But I'm not sure about this line of thinking. We already do have this in that we have a hidden economy of undocumented workers, and while the lack of a MW provides more work, it also creates different tiers of society, and there is quite a lot of lock-in that perpetuates the cycle.
I could see us abandoning the minimum wage, but only if we make sure to foster the capitalist flexibility with incentives and protections to ensure that flexibility doesn't lead to a race to the bottom.