Excellent explanation of the evils of a minimum wage by Paul Poirot.
"Those who have most clearly proved their productive capacity are rewarded accordingly through the voluntary acts of their fellow men in the market place. This is the signal to produce even more, and it is the incentive which attracts other men to lead more useful and productive lives. A compulsory minimum wage, at any level, can only add to the hazards of the jungle."
Inhumanity of the Minimum Wage - Paul Poirot - Mises Institute
Friday, August 21, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment