editorial partner: Liberte! Friedrich Naumann Foundation

economic consequences

Let’s Not Raise Minimum Wage. Let’s Abolish It!
Economy
Let’s Not Raise Minimum Wage. Let’s Abolish It!
It is telling that the public almost unquestioningly believes that the minimum wage helps low-income people in particular. But as the prominent Czech economist Robert Holman writes in his textbook on microeconomics, \"If economists agree on anything, it is that legislating a minimum wage increases unemployment.\"