How to Make the Poor Poorer
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This is an opinion item.
| Author(s) | Gary Becker |
|---|---|
| Source | The Wall Street Journal |
| Date | January 26, 2007 |
| URL | http://online.wsj.com/article/SB116978492591488718.html |
| Quote | "Although some workers benefit -- those who were paid the old minimum wage but are worth the new, higher one to the employers -- others are pushed into unemployment, the underground economy or crime. The losers are therefore likely to lose more than the gainers gain; they are also likely to be poorer people."
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This item argues against the position Act should be passed on the topic Fair Minimum Wage Act of 2007.
