4 ms·
I wonder what exactly you’ve been reading or get to this conclusion.
by trasz 5y ago
I wonder what exactly you’ve been reading or get to this conclusion.
- tastyfreeze 5y agoA few years ago I would have wondered the same thing. After reading Basic Economic by Thomas Sowell I searched for more information to counter the book's claims on minimum wage. In the end I came to the conclusion that Sowell is right. Minimum wage is a net negative in society. Minimum wage is harmful to the low income groups the policy is supposed to help. Example of job protection origins: https://www.forbes.com/sites/carriesheffield/2014/04/29/on-the-historically-racist-motivations-behind-minimum-wage/ https://www.forbes.com/sites/carriesheffield/2014/04/29/on-t... https://en.wikipedia.org/wiki/Davis%E2%80%93Bacon_Act_of_1931?wprov=sfla1 https://en.wikipedia.org/wiki/Davis%E2%80%93Bacon_Act_of_193... https://fraser.stlouisfed.org/files/docs/publications/bls/bls_0467_1928.pdf https://fraser.stlouisfed.org/files/docs/publications/bls/bl... Australia protecting jobs from Chinese workers pg 17 British Columbia protecting jobs from "Asiatics" pg 68 South Africa protecting jobs from "colored" workers pg 74