Steve Chapman on the Minimum Wage

Man v Statetheqspeaks/ Flickr

Raising the minimum wage may indeed raise average worker
productivity—not by inducing existing workers to work harder or
smarter, but by inducing companies to get rid of less productive
workers. If you raise the floor from $7.25 an hour to $9, employees
whose work output is less than $9 an hour will be let go. Saying
that a higher minimum wage would increase productivity, writes
Steve Chapman, is like saying that banning anyone under 6-foot-10
will make NBA players taller. It will, but not because anyone will