Tag Archives: Minimum wage

Tom Woods – Is Austrian Economics Unscientific Because It Doesn’t Conduct Experiments?

Review of George Orwell’s “1984”.

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Walter E. Williams – Minimum Wage as a Racist Tool

This is great.

Without the minimum wage, in South Africa, whites would only work for, say, $5 an hour while blacks would work for $1 an hour. Even if the employer is a racist, it would actually cost him to be a racist: it would cost him $4 an hour PER employee. But with a minimum wage law, it doesn’t cost him to be a racist, so he’ll just hire all white workers. This is fantastic stuff.

Walter E. Williams – Good Intentions