Notable and quotable

Dr. Mark Perry, writing at Carpe Diem.

How do proponents of the minimum wage law defend using the coercive power of the government…to deny millions of mutually advantageous transactions from taking place? How can your position be defended morally and ethically when you support coercive government action that legally prevents Worker A from agreeing to voluntarily work for Employer B at $5.00, $6.00, $7.00 or $7.20 per hour?

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One thought on “Notable and quotable

  1. I suppose they’re arrogant enough to believe in general that government knows best. But perhaps the more fundamental problem is that the higher wage is observable, but the harmful effects like reduce job opportunities are not. It’s hard to know how many additional jobs employers would have created but did not.

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