The Ugly Truth About the Minimum Wage

The economic ignorace of the "Let's Raise the Minimum Wage" gang is matched only by their smugness. In their confused, economically-illiterate universe, you either advocate for an increase in the minimum wage or you hate poor people.

As anyone with an understanding of basic economics can tell you, this is precisely the opposite. As economists have discussed for years and study after study shows, minimum wage laws ultimately lower the earnings of the poorest members of the working poor and force mom and pops out of business in favor of the corporate chain mega-giants.

But there is something altogether darker to this story of the minimum wage than the perversity of its effects or the smugness of its proponents. The sad truth is that minimum wage laws were first discussed and advocated for by those who knew that it would make the poor even poorer and actively wished that to be the case.

Find out the true eugenics-steeped history of the minimum wage laws in this week's edition of The Corbett Report Subscriber.

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