Friday, October 25, 2013

Minimum Wage, Maximum Nonsense: Newsroom: The Independent Institute

Why do you pay your kids $5 to mow the lawn but not pay the professional $40 to mow the lawn? If your choices were to spend an hour once/week to mow, or to pay a professional $40/week to mow, which would you do? What do you think the "average" homeowner would do?

In other words, you already know that minimum wage hurts unskilled workers who cannot provide value greater than the compensation they receive.  

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