The Case for Abolishing the Minimum Wage

The most recent congressional debates regarding the minimum wage have largely been over what level the minimum wage should be set at. The arguments for one minimum rather than another have been speculative, unsubstantiated, and arbitrary. Rather than arguing over the standard of living one is entitled to, which is inherently demeaning and nearly impossible to quantify, the question that ought to be discussed instead is: should minimum wage laws exist at all? Those who call for the elimination of the minimum wage have been dismissed by way of straw…