Monday, October 31, 2005
On this day:

The secret history of the minimum wage

Most economists would agree that a government-imposed minimum wage is likely to produce higher unemployment, especially among the poor and unskilled workers who need jobs the most. Keeping certain people out of the work force is an unfortunate result of minimum wage legislation, but Marginal Revolution's Alex Tabarrok reminds us that it has often been the intended result, as well.