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IPFS News Link • Minimum Wage

The Meaningless, Destructive Minimum Wage

• https://www.fff.org by Jacob G. Hornberger

The article states that the federal minimum wage of $7.25 per hour has largely become meaningless. That's because "even most teenagers are earning twice that." 

What? That's impossible! Haven't liberals/progressives told us for decades that without a minimum wage, greedy, rapacious, capitalist employers would drive wages down to mere subsistence levels? 

If that's true, then what's up with those wages that employers are paying teenagers that are twice what the law requires them to pay? If the liberals/progressives are right, wouldn't employers be paying teenagers $7.25 per hour or, in the absence of the minimum wage, just a few dollars per hour?


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