The Washington Examiner cited Senior Fellow Ryan Young on McDonald’s and minimum wage.
“It’s just trying to get good PR,” Ryan Young, senior fellow with the free-market Competitive Enterprise Institute, agreeing that the corporation has not been involved in fighting increases. “Other companies have weighed in on the debate, but McDonald’s has been quiet until now.”
Fred Smith is the animating spirit at the Competitive Enterprise Institute. Fred conceived of the idea for an organization that would, in his words, “find a more positive answer to the challenge Joseph Schumpeter laid down in his essay, “Can Capitalism Survive?” He founded the organization and served as president for nearly three decades.
He died at the age of 83 at home in Maryland where he is survived by his beloved wife Fran. Fred was a friend and mentor, an advocate and ally, and an inspiration. His bright light lives on in our work.
Fred Lee Smith
December 26, 1940 – November 23, 2024