In typical Boudreaux fashion, Don challenges the political wisdom of Washington with a simple question:
"Question: If a government policy that artificially raises the price of
Chinese-made tires reduces the quantities of such tires that are bought,
why does a government policy that artificially raises the price of
low-skilled labor not reduce the quantities of such labor that are hired?"
Answer: Crickets.
Why should one man (or group of men) arbitrarily determine what another man's labor is worth? And if you believe that some men are qualified to arbitrarily price another man's minimum labor, why aren't these same men endowed with enough wisdom to price a man's maximum labor?
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