The Sordid History of the Minimum Wage

The Sordid History of the Minimum Wage
Service Employees International Union members celebrate after California Gov. Jerry Brown signed minimum wage legislation SB 3 into law in Los Angeles on April 4, 2016. David McNew/Getty Images
Jeffrey A. Tucker
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Commentary

Twenty-two states have increased the minimum wage beyond the federal level of $7.25, which hasn’t increased since 2009. The new rates in many states are $15. But as many commentators have pointed out, the increase won’t affect too many workers, since most people in those states already earn more than that. And this raises a foundational point: What is the purpose of the minimum wage if it is essentially non-operational for most low-wage workers?

Jeffrey A. Tucker
Jeffrey A. Tucker
Author
Jeffrey A. Tucker is the founder and president of the Brownstone Institute and the author of many thousands of articles in the scholarly and popular press, as well as 10 books in five languages, most recently “Liberty or Lockdown.” He is also the editor of “The Best of Ludwig von Mises.” He writes a daily column on economics for The Epoch Times and speaks widely on the topics of economics, technology, social philosophy, and culture. He can be reached at [email protected]
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