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We should seriously think about and consider ending “minimum wage” laws. What these laws actually do, in reality, is effectively amount to caps on what workers in these kinds of stores and businesses get paid. I’d argue that minimum wage laws effectively suppress a free market competition for workers that might, otherwise, occur. In reality, they give employers a convenient excuse not to pay workers more. Minimum wage laws may, in fact, more tend to disincentivize energetic good workers while placating, if not actually rewarding, the indifferent and slothful. What’s the motivation to be punctual and put out extra effort if, in fact, you know you’re not going to get paid any better than those who just punch in, punch out, and put in minimal effort?
JR Parsons
