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…

The Minimum Wage Debate: Where to Go From Here

The current debate surrounding the minimum wage in the United States is characterized in part by disagreement about its original purpose. Those who support raising the minimum wage (usually to somewhere between $10 and $15 per hour) claim that it should provide workers with a reasonable standard of living. According to many opponents of such legislation, however, the minimum wage is meant to be a starting point for those with little job experience — a point from which workers can grow the value of their labor — and as such…