There is no clear basis in economics, ethics, efficiency, or fairness for Minimum Wage Laws. The minimum wage works the way it was intended one hundred years ago.
Download lecture slides at Mises.org/MU23_PPT_16.
Recorded at the Mises Institute in Auburn, Alabama, on 25 July 2023.
Mark Thornton is Senior Fellow at the Mises Institute. He serves as the Book Review Editor of the Quarterly Journal of Austrian Economics. His publications include The Economics of Prohibition (1991), Tariffs, Blockades, and Inflation: The Economics of the Civil War (2004), The Quotable Mises (2005), The Bastiat Collection (2007), An Essay on Economic Theory (2010), The Bastiat Reader (2014), and The Skyscraper Curse and How Austrian Economists Predicted Every Major Crisis of the Last Century (2018).
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