Minimum Wage History

All the talk about the new Lincoln movie has rekindled some interest in history.  For example, few know (or care) that Lincoln’s goal after emancipation of the slaves (which was in and of itself a last resort) was to deport them to Africa, as he was a white supremacist.

Anyway, there’s some interesting racially charged history when it comes to the minimum wage, as well.  See back in the day, some folks in Congress actually did understand the economic ramifications of minimum prices.  Don Boudreaux at Cafe Hayek has more.

 

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About Paul Stagg

Husband, lifter, MBA in Baltimore, MD. Will post about Powerlifting, politics, Classical Liberalism, Economics, building wealth, self improvement, productivity, heavy music, wine, food, beer, and almost anything else. View all posts by Paul Stagg

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