The New Minimum Wage Increase in Nigeria is a Pyrrhic Victory for Organized Labor

08/29/2024 Michael Njoku

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

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.