Excerpt from The Minimum Wage: With Particular Reference to the Legislative Minimum Wage Under the Minnesota Statute of 1913 The preservation Of the voluntary element, however, is the means through which are obviated many Of the obsta clcs to the practical working of a compulsory minimum wage. Under the system of voluntary cooperation, employers cannot be driven out Of business; neither will the prices of their products be increased so as to deprive the recipient Of a minimum wage Of its benefits; neither will the minimum wage tend so much to become the maximum wage. Under a system of cooperation, the necessary adjustments, more in accordance with the natural economic law, will be worked out, and thereby artificial and unfair discrimination between competitors in the same industry will tend to be obviated. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.