Martin Jones

Articles

The High Cost of Using the Minimum Wage as a Form of Welfare

02/19/2021 Mises Wire Martin Jones

Listen to the Audio Mises Wire version of this article. In recent years a number of economic studies have concluded that small to moderate increases in the minimum wage do not necessarily cause a...

Media

The High Cost of Using the Minimum Wage as a Form of Welfare

02/23/2021 Martin Jones

Social activists now regard the minimum wage as another welfare program that can reduce the costs of programs like Medicaid and food stamps, and can reduce inequality. But the minimum wage is very poorly targeted for these purposes.

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