Professor Don Boudreaux of George Mason University is out with a new video that attempts to answer the question: is raising the minimum wage a bad idea?
It’s a superb video that pretty much summarizes the argument against the push to raise the minimum wage to $15 an hour. It brings up the usual points: higher prices, fewer jobs, hurts the most vulnerable people of society and so on.
As renowned economist Murray Rothbard wrote: the minimum wage is compulsory unemployment.
Here are a few articles on the topic:
– An extensive critique on Jesse Ventura calling for minimum wage hike
– Elizabeth Warren: Why isn’t the minimum wage at $22 per hour?
– Federal Reserve report says recent minimum wage hikes killed up to 200,000 jobs
– Seattle minimum wage workers already losing 401k, paid vacation benefits
– 8 key arguments against raising the minimum wage to $15 per hour
The video is embedded below:
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