My Cato colleague, Mark Calabria, recently explained how the minimum wage destroys jobs, and I’ve written on several occasions why government-mandated wages can create unemployment by making it unprofitable to hire people with low work skills and/or poor work histories. And I’ve attacked Republicans for going along with these job-killing policies, and also pointed out the racist impact of such intervention.
But this cartoon may be a more effective argument for getting government out of the business of interfering with market forces. It’s simple, direct, and gets the point across. I’m not sure that always happens with my writing.
My former intern, Orphe Divougny, also did a very good job in explaining why politicians shouldn’t interfere with the right of workers and employers to enter into labor contracts.
There is also a reason why Wal-Mart and other large retailers are always lobbying in support of a higher minimum wage. It may seem counter-intuitive, but economies of scale allow these larger companies to absorb the costs, while their smaller competitors cannot, thus increasing market share. Crony capitalism at work again.
[…] Funny…but Sad…Look at How the Minimum Wage Destroys Opportunity Posted on July 2, 2011 by goldcountrypatriots My Cato colleague, Mark Calabria, recently explained how the minimum wage destroys jobs, and I’ve written on several occasions why government-mandated wages can create unemployment by making it unprofitable to hire people with low work skills and/or poor work histories. And I’ve attacked Republicans for going along with these job-killing policies, and also pointed out the racist impact of such intervention. Read more and watch the video… […]
Wow! Great post! And great comment by Mr. Adam Feller!
[…] Keynesian economics, this cartoon about Obama’s stimulus, this video on Halloween taxes, this cartoon about the minimum wage, and this joke about the perverse incentives of […]
[…] I’ve already made the point that Obama’s policies are bad news for Black Americans, particularly policies such as higher minimum wage requirements that cut off the bottom rungs of the economic ladder. […]
[…] and capital, we get policies like Solyndra. We get Fannie Mae and Freddie Mac. We get TARP, the minimum wage law, and a 72,000-page tax […]
[…] we get policies like Solyndra. We getFannie Mae and Freddie Mac. We get TARP, the minimum wage law, and a 72,000-page tax […]
[…] clever Payne cartoons can be seen here, here, here, here, and […]
[…] clever Payne cartoons can be seen here, here, here, here, and […]
[…] clever Payne cartoons can be seen here, here, here, here, and […]
[…] you like Payne’s work, you can view more of my favorites here, here, here, here, here, […]
[…] Other good Payne cartoons can be seen here, here, here, here, here, here, and here. Rate this:Share […]
[…] Here’s a very good cartoon showing the impact of raising the minimum wage. Rate this:Share […]
[…] Here’s a very good cartoon showing the impact of raising the minimum […]
[…] Payne cartoon in this post, you can enjoy some of his other work here, here, here, here, here, here, here, […]
[…] Payne cartoon in this post, you can enjoy some of his other work here, here, here, here, here, here, here, […]
[…] can enjoy some of Payne’s best cartoons here, here, here, here, here, here, here, here, here, and here. My favorite is the one with Robin […]
[…] can enjoy some of Payne’s best cartoons here, here, here, here, here, here, here, here, here, and here. My favorite is the one with Robin […]
[…] Other good Payne cartoons can be seen here, here, here, here, here, here, […]
[…] Here’s a very good cartoon showing the impact of raising the minimum […]
[…] Other good Payne cartoons can be seen here, here, here, here, here, here, […]
[…] Funny…but Sad…Look at How the Minimum Wage Destroys Opportunity […]
[…] you like Payne’s work, you can view more of my favorites here, here, here, here, here, […]
[…] Payne cartoon in this post, you can enjoy some of his other work here, here, here, here, here, here, here, […]
namaz kılmayı daha yeni öğrenmiştim.camiye girince yaşlı bir amcayı örnek alayım dedim.Şanssızlık bu ya adamın bir ayağı kırıkmış.Namaza az kaldığında adam ayağının birini salıverdi önüne.Ben de örnek alıyodum ya ben de adamı örnek alarak bir bacağı…devamı için: http://www.komikti.com
bir gün bi adam ailesiyle kız istemeye gitmiş.adamın babası kızın babasına ee nasılsınız,neler yapıyorsunuz .,demiş. kızın babası eh işte yuvarlanıp gidiyoruz.demiş adam da niye efenim top musunuz,demiş…devamı için: http://www.komikti.com/viewer.asp?ino=192
[…] Funny…but Sad…Look at How the Minimum Wage Destroys Opportunity […]
Orphe should make a rap video of this and put it on youtube.
[…] Funny…but Sad…Look at How the Minimum Wage Destroys Opportunity […]
[…] (graphic credit) […]
[…] Funny…but Sad…Look at How the Minimum Wage Destroys Opportunity […]
[…] P.P.P.S On the lighter side, here are some good cartoon on the minimum wage from Steve Breen, Lisa Benson and Henry Payne. […]
[…] P.P.P.S On the lighter side, here are some good cartoon on the minimum wage from Steve Breen, Lisa Benson and Henry Payne. […]
[…] the minimum wage, I think Henry Payne effectively shows – in this cartoon and this cartoon – how mandating above-market wages is very bad news for those with limited […]