The gap between intentions and outcomes can be vast in politics, as the push to raise Oklahoma’s minimum wage demonstrates.
Proponents say they want to help struggling citizens at the bottom of the state’s economic ladder. But in practice, their wage-policy preference yanks that ladder out of the hands of those low-income workers, leaving them not only poor but also with far less opportunity for future advancement.
Why? Because the market still sets worker rates even when government planners pretend otherwise. If a minimum wage exceeds market value, it forces employers to simply reduce hiring, shift to automation, or move jobs to more business-friendly climates.
If you doubt it, look at California.