What Would Happen if We Got Rid of the Minimum Wage?

Economics & Institutions

By Jordan Weissmann — May 14, 2014

The Cato Institute’s James Dorn and the Hoover Institution’s Russell Roberts made this point at length during an Intelligence Squared debate last year in which they advocated doing away with minimum wages. “Right now there are people within a few blocks of where we are sitting who cannot find work simply because their skills are not worth $7.25 an hour,” Russell told the audience. “Why would you condemn those men and women to a wage of zero?”

  • 051414_Slate.pdf