5 ms·
https://fee.org/articles/the-eugenics-plot-of-the-minimum-wage/#:~:text=On%20that%20the%20eugenicists%20were,power%20to%20work%20for%20less https://fee.org/arti
by moralsupply 6y ago
https://fee.org/articles/the-eugenics-plot-of-the-minimum-wage/#:~:text=On%20that%20the%20eugenicists%20were,power%20to%20work%20for%20less https://fee.org/articles/the-eugenics-plot-of-the-minimum-wa....
> Whatever the intentions, the effects are still the same. On that the eugenicists were right. The eugenics movement, however evil its motive, understood an economic truth: the minimum wage excludes people from the job market. It takes away from marginal populations their most important power in the job market: the power to work for less. It cartelizes the labor market by allowing higher-wage groups access while excluding lower-wage groups.
- jahaja 6y agoFor this to be true - that higher labour costs keeps people out of jobs - one must ignore the last ~70 years of Northern-European labour market.
- AdrianB1 6y agoYes, take Sweden for example: no minimum wage. Let's take Norway... no minimum wage. They both do just fine.
- jahaja 6y agoWhat a dishonest comment. I'm very sure that you know why that is not needed in Sweden and Norway but you just manipulatively skip that part.
- triceratops 6y agoFor the rest of us, why aren't they needed in Sweden and Norway?
- jahaja 6y agoThe main reasons for the lack of minimum wage laws are because of a high degree of unionization and the widespread use of collective bargaining agreements.
- carapace 6y ago> the power to work for less “The law, in its majestic equality, forbids rich and poor alike to sleep under bridges, to beg in the streets, and to steal their bread.” ― Anatole France
- SrslyJosh 6y agochef's kiss