WSJ.com lays bare the utter destructiveness of the minimum wage to low-skilled/entry level job prospects.
Next time you hear union bosses and politicians chanting “America needs a raise,” consider how many kids who want a job are being tossed out onto the street. There are, of course, a number of undesirables who just may offer them employment of the less-than-honest type. But beyond this, isn’t it time to review the minimum wage and its real purpose, which is to protect unions from wage-competition and create a higher benchmark against which they can negotiate their own wages?
Intrinsically anti-free-market, the minimum wage is a terrible idea and should be eliminated.
