Oddbean new post about | logout
 Hmm yes and if you don’t have a job you should not be able to vote on minimum wage laws lol 
 Stakeholder republic democracy 
 Minimum wage should be negotiated between unions and employers. 
 I might be anti union and anti minimum wage 


Have to give it a think 
 Minimum wage laws easily get out of control.  If there is a power balance between workers and employers, workers are positioned to negotiate for a just wage.  Minimum wage laws step in when that negotiation process has failed, but that can lead the workers and employers to abdicate their negotiating power to government.