Hacker News Reader

> I believe any minimum wage policies are terrible

Any? You barely have to peruse a history book to see countless examples of exploitative labor processes.

"On The Historically Racist Motivations Behind Minimum Wage"

https://www.forbes.com/sites/carriesheffield/2014/04/29/on-t...

I was unaware of the racial motivation. Interesting insight.

However the point is exactly why it is bad policy. At any minimum wage, the government has structurally unemployed anyone that can't provide value at or greater than the minimum wage. It's basic economics.

That is correct. I think it's bad policy for the government to disallow voluntary transactions between private parties with no third party harm.

Reply on news.ycombinator.com