Economics of Liberty Front Page Opinions

Biden Attempts to Keep Eugenics Alive with Economics

It appears that President Joe Biden and progressives will not be able to sneak in a $15 minimum wage increase into a 1.9 trillion dollar Covid-19 relief bill.

This disabled Libertarian couldn’t be happier that the wage will not make it through the legislative process—at least for now—as minimum wage laws can trace their roots to racism and eugenics.

In this episode of Revolution’s Revival, I discuss the racist history of minimum wage laws and how progressive icon Woodrow Wilson used them to advance his interest in eugenics.

This critical piece of history is often overlooked when it comes to the discussion of the minimum wage. Not only is this horrible economic policy which deprives unskilled workers of a place to grow and learn new skills, but evil as it seeks to keep certain people groups wholly reliant on the government and barely able to exist!

Economist Milton Friedman agreed, calling the minimum wage “the most anti-black law on the books in America.”

The minium wage fight is one in which I have a personal stake as it would deprive disabled individuals like me from working jobs that would make it difficult to thrive in life. Don’t believe me? Read the words of Royal Meeker, the commissioner of labor statistics under President Woodrow Wilson.

“It is much better to enact a minimum- wage law even if it deprives the unfortunates of work…better the state should support the inefficient wholly and prevent the multiplication of the breed than subsidize the incompetence and unthrift, enabling them to bring forth more of their kind.”

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In liberty,

Caleb

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