THE MINIMUM WAGE LAW ONCE AGAIN

Nathan Fryzek (), Javier Sanchez () and Walter E. Block ()
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Nathan Fryzek: Joseph A. Butt, S.J. College of Business, Loyola University New Orleans
Javier Sanchez: Joseph A. Butt, S.J. College of Business, Loyola University New Orleans
Walter E. Block: Joseph A. Butt, S.J. College of Business, Loyola University New Orleans

Review of Social and Economic Issues, 2017, vol. 1, issue 4, 5-21

Abstract: The minimum wage law is a snare and a delusion. The present paper attempts to demonstrate that such legislation boosts unemployment rates for unskilled workers. Which element of society notoriously favors this enactment? Organized labor.

Keywords: Minimum wage law; unemployment; economic regulation; rights violation (search for similar items in EconPapers)
Date: 2017
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