Minimum wage workers make up a very small portion of the market and typically don’t stay at min for more than a year. This “living wage” idea is an unattainable utopian ideal. #liberty #libertarian #leleux2020 #economics #minimumwage
The lack of understanding of fundamental economics is scary sometimes. Raising the minimum wage does not pay poor people more. It eliminates entry/low level jobs from the market and creates a tougher gateway for younger or unskilled workers to get in the work force. Further more,
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And last thing I’ll add is please go to http://Mises.org and take advantage of all the wonderful, free literature they have available.
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