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Mercy comments on A potentially great improvement to minimum wage laws to handle both economic efficiency as well as poverty concerns - Less Wrong
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Comments (74)
What worse policies are you thinking of? Only this sounds like the socialist argument against the welfare state...
In terms of liberterian arguments for the minimum wage, Chris Dillows takes the same tack http://stumblingandmumbling.typepad.com/stumbling_and_mumbling/2010/11/small-truths-about-the-minimum-wage.html but the opposite conclusion- fighting to get rid of the minimum wage is a distraction from the problem of unemployment, given it's low magnitude.