I’ve heard the phrase, yes. I don’t base my philosophy on whether clever-sounding phrases exist.
There’s no evidence to suggest that lack of a minimum wage results in everyone earning essentially zero wages, which is all I can imagine that phrase to mean.
There is, however, evidence that minimum wages lead to unemployment. There’s also evidence to suggest unemployment is a horrible state to exist in.
I can’t imagine the series of incidents in your life that led you to draw such a wrong conclusion and yet call it logic.
You’ve really never heard the phrase “race to the bottom”?
I’ve heard the phrase, yes. I don’t base my philosophy on whether clever-sounding phrases exist.
There’s no evidence to suggest that lack of a minimum wage results in everyone earning essentially zero wages, which is all I can imagine that phrase to mean.
There is, however, evidence that minimum wages lead to unemployment. There’s also evidence to suggest unemployment is a horrible state to exist in.