MCViewPoint

Opinion from a Libertarian ViewPoint

Smashing Protectionist “Theory” (Again) | Mises Institute

Posted by Martin C. Fox on April 25, 2017

https://mises.org/library/smashing-protectionist-theory-again

During the 1966 congressional battle over a higher federal minimum wage, for example, the late Senator Jacob Javits (R-NY) freely admitted that one of his main reasons for supporting the bill was to cripple the southern competitors of New York textile firms. Since southern wages are generally lower than in the north, the business firms hardest hit by an increased minimum wage (and the workers struck by unemployment) will be located in the south.
Javits reaching back to the progressive origin of the minimum wage.

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