Jan Helfeld is out with a new interview with Wall Street Journal and Heritage Foundation’s Stephen Moore.
It’s a compelling interview that consists of Moore outlining a number of reasons why the United States should eliminate the minimum wage. He cites how the very people that the left wants to help – the unskilled, youth, minorites, etc. – are the ones that get hurt the most from minimum wage laws. Instead, the market should dictate wages and prices, and notes that this is something the government should have learned 50 years ago.
Moore believes if Washington introduced tax reform, Social Security reform and sound money then the country wouldn’t have to worry about the minimum wage because Americans would be earning far more than a few bucks an hour. He also added that we should stop discouraging young people from working at a young age.
Since Helfeld generally agrees with Moore, he was relatively quiet compared to other interviews he has previously conducted.
Let nonprofits hire below the minimum wage so young people can learn on the job. Businesses need a minimum that will not discourage new jobs.