Pity the Socialists in Minnesota

Source: Future of Freedom Foundation
by Jacob G Hornberger

“Socialists have long claimed that a minimum wage is necessary to protect workers from greedy, profit-seeking employers. Without a state-managed minimum wage, the argument goes, exploitive employers would pay workers only subsistence wages and possibly even less. But not so in Minnesota, where socialists are hanging their heads in shame! The state-mandated minimum wage in Minnesota is $8.42 an hour for small employers and $10.33 for large employers. Therefore, given the socialist position, wouldn’t you think that the wage rate in Minnesota would be no higher than the state-mandated minimum? After all, at the risk of belaboring the obvious, if greedy, profit-seeking employers would pay no more than subsistence wages (at most) if not forced to pay more, then doesn’t it stand to reason that they would pay no more than $8.42 and no more than $10.33?” (09/06/22)