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Tuesday, May 15, 2007

About that minimum wage

Many minimum wage supporters, like [House Speaker Nancy Pelosi], are hypocrites, but most supporters are decent people with an honest concern for the well-being of their fellow man. True compassion for our fellow man requires that we examine not the intentions behind public policy but the effects of that policy. There’s no question that Congress can mandate the minimum wage at which a person is hired, but Congress hasn’t found a way to mandate that a person have a level of productivity commensurate with the wage. Moreover, Congress hasn’t chosen to mandate that an employer hire a person whose productivity is less than the minimum wage. This means higher minimum wages cause unemployment for the least-skilled workers.” —Walter Williams

This is what many of us have been saying for years. What is supposed to benefit the least skilled in fact hurts them.

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