Mises Daily
Author:
D.W. MacKenzie
Online Publish Date:
Once again politicians and pundits are calling for increases in the legal minimum wage. Their reasons are familiar. Market wages are supposedly immoral. People need to earn a “living wage.” If the minimum wage went up at least to $7, or better still to near $10 an hour, millions would be lifted out of poverty. [1] The economic case against minimum