Thursday , April 22 2021
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Some Non-Covid Links

Summary:
Inspired by my late, great colleague and dear friend Walter Williams, my intrepid Mercatus Center colleague Veronique de Rugy wisely counsels that we keep an eye on the many negative effects, on low-skilled workers, of minimum-wage diktats. A slice: Workers who didn’t have a job at the time of the increase and won’t get one after may pay the steepest (and unseen or overlooked) cost of the minimum wage. As Williams explained in his autobiography, “Early work experiences not only provide the pride and self-confidence that comes from financial semi-independence but also teach youngsters attitudes and habits that will make them more valuable and successful workers in the future.” Also writing about the minimum wage – specifically, here, about Senators Cotton’s and Romney’s proposal – is

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Inspired by my late, great colleague and dear friend Walter Williams, my intrepid Mercatus Center colleague Veronique de Rugy wisely counsels that we keep an eye on the many negative effects, on low-skilled workers, of minimum-wage diktats. A slice:

Workers who didn’t have a job at the time of the increase and won’t get one after may pay the steepest (and unseen or overlooked) cost of the minimum wage. As Williams explained in his autobiography, “Early work experiences not only provide the pride and self-confidence that comes from financial semi-independence but also teach youngsters attitudes and habits that will make them more valuable and successful workers in the future.”

Also writing about the minimum wage – specifically, here, about Senators Cotton’s and Romney’s proposal – is the great Bruce Yandle.

Here’s Ryan Bourne on the economically ludicrous Rep. Ro Khanna and the minimum wage.

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Don Boudreaux
He is a professor of economics at George Mason University in Fairfax, Virginia. Previously, he was president of the Foundation for Economic Education.

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