Commentary
A Minimum Wage Always Harms the Most Vulnerable
By Shane Smith
It’s a dismal fact of political reality that the most damaging economic policies always attract the most popular support. Laws that strangle and distort the free market, suffocate innovation, and destroy wealth, are greeted with wild applause by politicians and their supporters – both of whom consider themselves the most compassionate. But that misplaced compassion, more often than not, inflicts great harm on the people they most wish to help. I blame the widespread belief, approaching dogma...