The first thing that happens, for example, when a law is passed - TopicsExpress

The first thing that happens, for example, when a law is passed that no one shall be paid less than $9.00 per hour [updated) is that no one who is not worth $9 per hour to an employer will be employed at all. You cannot make a man worth a given amount by making it illegal for anyone to offer him anything less. [...] In brief, for a low wage you substitute unemployment. You do harm all around, with no comparable compensation. --Henry Hazlitt

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