Living wage makes economic sense
(04/13/05 4:00am)
In his April 7 column, “The case against a living wage,” Nathan Carleton contends: “The biggest problem with a living wage is that it prevents less qualified or uneducated workers from competing for jobs.” From this point-of-view, living wage policies effectively “strip” less qualified workers of their “only bargaining chip.” However, he leaves out an important factor in his description of what he sees as a valuable competition for low-wages: the race to the bottom.