The Farragut Press‘s commentary about minimum wage increases brings up some interesting points, primarily that raising the minimum wage won’t help poor people because the cost of everything will rise, and some companies will be forced to eliminate some jobs in order to pay the remaining employees the higher wages.
These are legitimate arguments, but the article leaves out the most important reason to abolish the minimum wage–the minimum wage is immoral.
Compensation for services should be decided between the person provided the service and the person purchasing it. If they agree on the price, both walk away happy.
