3min chapter

The Jordan B. Peterson Podcast cover image

189. Is Property Theft? | Dr. Robert Murphy

The Jordan B. Peterson Podcast

CHAPTER

Why Is the Minimum Wage Increase Important?

There is a philosophy that goes along with each economic school and the philosophies in many ways Have a pronounced effect on the nature of public debate. And so that's why like just to give you an example It could could be a perverse thing if to read significantly raise the minimum wage thinking You're helping poor people could end up largely raising wage rates of Middle-class workers but making fast food more expensive. Right that reminds me of some of the controversy that surrounded walmart because walmart pays its employees a relatively low wage But they also provide food at below what the market was charging for for groceries Basic groceries at that point.

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