Economists' Conflicting Views on Effects of Minimum-Wage Hikes
California's new $20-per-hour minimum wage for fast-food workers sparks debate on its impact on job prospects for young and minority workers.
Source: dailysignal.com
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California's new $20-per-hour minimum wage for fast-food workers sparks debate on its impact on job prospects for young and minority workers.
In a 1973 interview, Nobel economics prize winner Milton Friedman said, "I've often said the minimum-wage rate is the most anti-Negro law on the books."
Milton Friedman said, "I've often said the minimum-wage rate is the most anti-Negro law on the books."
The two economists were instrumental in changing America’s mind about the minimum wage.