3min chapter

The Jordan B. Peterson Podcast cover image

189. Is Property Theft? | Dr. Robert Murphy

The Jordan B. Peterson Podcast

CHAPTER

Is There a Hidden Moral Hazard There?

If they raise the minimum wage when the dust settles there will be Workers who are earning 15 dollars an hour who in the alternate timeline would have only been earning 850 an hour. There's also a lot of workers that never had a job in the first place that maybe would have gotten a chance to get hired and never. It's not correct to think of minimum wage earners is like single mothers who are struggling with kids at home it's like Suburban teenagers who are home from college for the summer who are going and working at mcdonald's for a summer job. Most people earn more than the minimum wage.

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