A New Year’s Message for Interventionists: Workers Do Best in Unregulated Labor Markets

Yes life could be improved in the camps. If the people who worked in those camps cared about amenities they would get them. They would not get paid as much though. In a situation like this, the men, and it’s almost all men, want to make money as fast as possible. It’s there choice and why is this woman or anybody else concerned with it.

International Liberty

It’s time to channel the wisdom of Frederic Bastiat.

There are many well-meaning people who understandably want to help workers by protecting them from bad outcomes such as pay reductions, layoffs and discrimination.

My normal response is to remind them that the best thing for workers is a vibrant and growing economy. That’s the kind of environment that produces tight labor markets and more investment, both of which then lead to higher pay.

Even statists sort of understand that this is true, but it’s sometimes difficult to get them to grasp the implications. They oftentimes are drawn to specific forms of government intervention, even if you explain that there are adverse unintended consequences.

Let’s explore this issue further.

In a column for the

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