The Traderszone Network

Published in TZ Latest News 4 September, 2015 by The TZ Newswire Staff

The Failed Moral Argument For A "Living Wage"

Submitted by Ryan McMaken via The Mises Institute,

With Labor Day upon us, newspapers across the US will be printing op-eds calling for a mandated “living wage” and higher wages in general. In many cases, advocates for a living wage argue for outright mandates on wages; that is, a minimum wage set as an arbitrary level determined by policymakers to be at a level that makes housing, food, and health care “affordable.”

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