How to Make the Poor Poorer: Difference between revisions

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{{item
{{Item
|author=Gary Becker
|author=Gary Becker, Richard Posner
|source=The Wall Street Journal
|source=The Wall Street Journal
|date=January 26, 2007
|date=January 26, 2007
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|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."
|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."
}}
}}
{{additional_author|Richard Posner}}
{{Opinion|Fair Minimum Wage Act of 2007|Act should be passed|against}}
 
{{opinion|Fair Minimum Wage Act of 2007|Act should be passed|against}}

Latest revision as of 12:22, March 30, 2009

This is an opinion item.

Author(s) Gary Becker, Richard Posner
Source The Wall Street Journal
Date January 26, 2007
URL http://online.wsj.com/article/SB116978492591488718.html
Quote
Quotes-start.png "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." Quotes-end.png


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This item argues against the position Act should be passed on the topic Fair Minimum Wage Act of 2007.