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Which allows an American Samoan worker to have a higher standard of living: being employed at $3.26 per hour or unemployed at a wage scheduled to annually increase by 50 cents until it reaches federally mandated wages at $7.25? You say, "Williams, that's a stupid question. Who would support people being unemployed at $7.25 an hour over being employed at $3.26 an hour?" That's precisely the outcome of Congress' 2007 increases in the minimum wage. Chicken of the Sea International moved its operation from Samoa to a highly automated cannery plant in Lyon, Georgia. That resulted in roughly 2,000 jobs...
Minimum Wage Cruelty
1) Please explain
"One effect of a minimum wage law is that of discrimination against the employment of less-preferred workers."
It seems to be the crux of the whole article but I don't get it. How would the abolition of the minimum wage encourage employers to hire "less preferred workers." Surely market forces would prevail over an employer’s petty bigotry wouldn’t it?
2) Are you persuaded that a minimum wage increase legislated nationally is bad policy solely on the basis of its purported ill effects on American Samoa, which has a population of approximately 66,000? Seriously?! What about the policy effects on the continental United States (population approx. 307 million). The fact that the author has to resort...