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Episode 13: Minimum wage myth and Walter Williams

Episode 13: Minimum wage myth and Walter Williams

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The minimum wage law is presented as something that must be done in order to ensure that companies don't take advantage of their employees. This is a myth. In this episode we discuss why this is wrong and we watch a couple of short clips from great economists Walter Williams and Milton Friedman. Links are provided below. I encouraged you learn more about a free market economy.

Milton Friedman minimum wage

https://www.youtube.com/watch?v=ca8Z__o52sk

Walter Williams minimum wage

https://www.youtube.com/watch?v=z8uz3uafMe0&t=29s

https://www.cato.org/commentary/let-data-speak-truth-behind-minimum-wage-laws

https://www.bls.gov/opub/mlr/2021/beyond-bls/a-15-minimum-wage-changes-more-than-just-take-home-pay.htm

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