And It Said "Let There Be Higher Wages." And There Were.

Writing in today's Baltimore Sun, Marta Mossberg correctly argues that a proposed "living-wage" bill for Baltimore will hurt the poor.  This unintended effect is the inevitable result of prohibiting workers from accepting any wage lower than $10.57 per hour – a wage well above the hourly value that many unskilled workers are capable of producing for employers.

So why are so many people enthusiastic about statutes such as this one?

Proponents of such legislation are economic creationists.  They ...

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Published on July 21, 2010 09:46
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