State minimum wage laws will decimate job growth this year, study says

State minimum wage laws will decimate job growth this year, study says

The new mandatory minimum wage laws set to take effect in 12 states and the District of Columbia in 2018 will have disastrous effects on job growth and the longevity of small businesses, according to a new study provided exclusively to The Daily Caller News Foundation. The study, conducted by the free market advocacy group […]

In Europe, workers use minimum wage laws to exclude their competition

In Europe, workers use minimum wage laws to exclude their competition

By Ferghane Azihari / Mises Wire Economists often warn about the perverse effects of the minimum wage. It is acknowledged this measure does not increase the salary of less productive workers. It reduces their employability, their ability to increase their skills and experience and thus constitute a powerful barrier to social mobility. But an effect is “perverse” […]