Coyne's prose

I just can't resist quoting a bit from Andrew Coyne's piece in today's National Post. Nobody does this sort of relentless logic better:


"The whole point of a minimum wage is that the market wage for some workers — the wage that would just balance the supply of and demand for unskilled, transient, or young workers in highly unstable service industries — is deemed to be too low. If, accordingly, it is fixed by law above the market level, it must be at a point where the supply exceeds the demand. Economists have a technical term for that gap. It’s called “unemployment.”

Advocates of minimum wages either reject that elementary logic, or they don’t care. ..."


A thing of beauty.