Minimum Wage v. Immigration: The Left’s Contradiction
An astute reader points out this piece by the ever-clueless Bob Reich in the Huffington Post. Reich, defending a $15 minimum wage, concedes that imposing such a minimum would cause jobs to be lost, but argues that “such jobs [i.e., jobs that can’t command $15] aren’t worth keeping.” Tell that, I guess, to the guy who was all set to go to work for $12 an hour until you made it illegal.
But our reader makes a more insightful point:
Leaving aside the fatuous economic claims, it turns out that arguments for a minimum wage imply that some jobs are not worth doing!…..which certainly entails that some businesses and business models — some economic activity, some potential GDP — is not worth having!
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