3min chapter

The Jordan B. Peterson Podcast cover image

189. Is Property Theft? | Dr. Robert Murphy

The Jordan B. Peterson Podcast

CHAPTER

The Minimum Wage Debate

I think the fundamental divide between people like me who are warning about the negative consequences and people who are saying No, no, the firms will just if you force them at gunpoint to pay more they will because they got buckets of money. It's really not just about bargaining power. It's if if your labor time Producers $20 an hour of stuff for your employer In a market economy you might not get paid 20 But you're not going to get paid 725 because somebody else could come along and offer you 10 And you would take that offer and they're still making the gap so Um, so yes, like likewise here the Marxist conception I mean there was lots of things wrong with

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