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Posts Tagged ‘ Minimum Wage Laws ’

Why Minimum Wage Represents Maximum Stupidity

Jul 13th, 2009 | By Peter D. Schiff | Category: Politics & Economics

In a free market, demand is always a function of price: The higher the price, the lower the demand. What may surprise most politicians is that these rules apply equally to both prices and wages. When employers evaluate their labor and capital needs, cost is a primary factor.

Tags: Labor Markets, Labor Unions, Minimum Wage Laws, Payroll Taxes, Peter D. Schiff
Posted in Politics & Economics | No Comments »

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