Raising the Minimum Wage Actually Makes Workers Poorer & Demonstrates the Risk America Runs in Allowing Private-Sector Freedom to Be Abolished
“The smallest minority on earth is the individual. Those who deny individual rights cannot claim to be defenders of minorities.” ―Ayn Rand
What Happens When the Government Gives Workers Raises?
When individual business owners are not free to run their own businesses, and the government can arbitrarily dictate their costs by giving workers an unearned pay raise, the first thing businesses have to do is to raise their prices to cover those higher costs. The result of the price increase is that there will be fewer takers for...