To making a convincing moral case against minimum-wage laws its helpful to distinguish between two kinds of ethical normsthose appropriate for families and other self-regarding small groups, and those suitable for larger groups whose members have little knowledge or concern for each other. Markets are better suited for the latter kind of morality and provide the best hope for low-wage workers to earn higher incomes.
Read the Full Article
(PDF, 10 pages)
|Other Independent Review articles by Dwight R. Lee|
|Spring 2015||Making the Case against Price Gouging Laws|
|Fall 2012||Moderating the Dark Side of Emotional Morality with the Bright Side of Market Morality|
|Fall 2011||Shrinking Leviathan|
|[View All (10)]|