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The New Minimum Wage Increase in Nigeria is a Pyrrhic Victory for Organized Labor
The Nigerian government has passed a new minimum wage law, and the usual suspects are happy because the country "is getting a raise." Economic reality, however, will set in soon enough as people find that government edicts do not create wealth.
Original article: The New Minimum Wage Increase in Nigeria is a Pyrrhic Victory for Organized Labor
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By Mises Institute
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The Nigerian government has passed a new minimum wage law, and the usual suspects are happy because the country "is getting a raise." Economic reality, however, will set in soon enough as people find that government edicts do not create wealth.
Original article: The New Minimum Wage Increase in Nigeria is a Pyrrhic Victory for Organized Labor
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