The Failed Moral Argument for a “Living Wage”


janitor2 TAGS Political Theory Prices Value and Exchange

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.”

https://mises.org/library/failed-moral-argument-living-wage