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Title : Does Setting Minimum Reward Regionally Brand Whatever Sense?

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Does Setting Minimum Reward Regionally Brand Whatever Sense?

A Don Boudreaux missive of the alphabet to the Wall Street Journal:

Terri Sewell as well as Jim Kessler correctly struggle that a one-size-fits-all national minimum wage makes no feel because dissimilar workers facial expression upwards dissimilar economical weather condition depending on where they alive (“A Better Minimum Wage,” August 9). But inwards calling for Uncle Sam to prepare minimum payoff regionally rather than nationally, these authors neglect to follow fully the audio logic of their argument.

Worker weather condition vary non merely regionally; they vary individually – from worker to worker as well as from project to job. While it is indeed absurd to suppose that in that place is a unmarried optimal minimum wage for all low-skilled workers inwards both Boston as well as Biloxi, it is no less absurd to suppose that in that place is a unmarried optimal minimum wage for all low-skilled workers inwards Boston as well as roughly other such wage for all low-skilled workers inwards Biloxi. Even low-skilled workers inwards the same urban essence block differ alongside themselves inwards their talents, experience, interests, attitudes, constraints, energy, as well as plans. Likewise, jobs for low-skilled workers differ inwards their demands, fringe benefits, as well as work amenities.

The notion that politicians tin prepare an ‘optimal’ minimum wage fifty-fifty for a tiny grouping of workers turns out to travel no less fanciful than is the notion that politicians tin prepare an ‘optimal’ minimum wage for an entire nation. Therefore, compared to having no mandated minimum payoff whatsoever, fifty-fifty minimum payoff prepare regionally would inevitably cut as well as worsen the work options available to low-skilled workers.

Sincerely,
Donald J. Boudreaux
Professor of Economics
and

Martha as well as Nelson Getchell Chair for the Study of Free Market Capitalism at the Mercatus Center
George Mason University
Fairfax, VA 22030

The higher upwards originally appeared at Cafe Hayek.

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