Wednesday 26 July 2017

Seattle's Minimum Wage Supporters Ignore the Facts

Mises Wire:



In what has become a running joke amongst those skeptical of the claim that minimum wage increases have no effect on unemployment, a recent report by the Employment Policies Institute showed that 174 of the 184 co-sponsors of a bill to raise the federal minimum wage to $15 an hour hired unpaid interns.
My personal favorite example of this type of this is when the Freedom Socialist Party, which was pushing for an even more ridiculous $20 minimum wage, posted ads for new employees offering $13 an hour.
The party’s national secretary doused himself in irony to defend his organization by saying “We’re practicing what we’re preaching in terms of continuing to fight for the minimum wage... But we can’t pay a lot more than $13.”

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