Wednesday, February 22, 2006

Friedman On Government Failure

"The government first provides very poor schooling, and then the harm is multiplied by the minimum wage law, which makes it difficult . . . To get on-the-job training. Without the minimum wage law, the least skilled could offer to work for low wages, which would provide an incentive for employers to hire and train them."

— Milton Friedman, U.S. News & World Report [March 7, 1977]

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