Sunday March 29, 2020

Stephen Kinsella: Minimum wage: relax – the sky won’t fall in

Raising the minimum wage will have a relatively small effect on the labour market and employers’ bottom lines

26th July, 2015

If economics was a real science, there would be no discussion about the minimum wage. We would just know whether it was a good thing or a bad thing for society. No one goes along to a GP’s surgery today expecting to be prescribed sustained bloodletting for a headache. No one throws a ball from a second-storey window and expects it to fall at 100 miles per hour. Not so with the minimum wage.


Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Every time Donald Trump spoke on the Covid-19 crisis last week, the stock markets plunged by another point

Marion McKeone | 2 weeks ago

Big tech firms pledge to pay contract staff through the social-distancing period

Emmet Ryan | 2 weeks ago

Further action may be needed to prevent the Irish economy being sunk, particularly when the global economy remains vulnerable

Ian Guider | 2 weeks ago