The Minimum Wage: With Particular Reference to the Legislative Minimum Wage Under the Minnesota Statute of 1913 (Classic Reprint) - Tapa dura

Sinopsis

Excerpt from The Minimum Wage: With Particular Reference to the Legislative Minimum Wage Under the Minnesota Statute of 1913

The preservation Of the voluntary element, however, is the means through which are obviated many Of the obsta clcs to the practical working of a compulsory minimum wage. Under the system of voluntary cooperation, employers cannot be driven out Of business; neither will the prices of their products be increased so as to deprive the recipient Of a minimum wage Of its benefits; neither will the minimum wage tend so much to become the maximum wage. Under a system of cooperation, the necessary adjustments, more in accordance with the natural economic law, will be worked out, and thereby artificial and unfair discrimination between competitors in the same industry will tend to be obviated.

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