The law of unintended consequences is an economic idiom warning that the intervention of people and government in economic systems almost always has effects that are unanticipated and often undesirable.
It seems Seattle’s anti-business policies are taking their toll on the city’s small businesses. And while the city’s most controversial policy, a proposed $15 minimum wage, has not been passed yet, it is already having a chilling affect on jobs.
Critics of the United States often say we should follow the progressive policies of European nations. One progressive policy many European countries have is no minimum wage. In addition, the progressive leaders of the European Union have not enacted an EU-wide minimum wage law.