The Briefing with Albert Mohler Wednesday, December 11, 2024
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Dec 11, 2024 Delve into the intriguing moral debates surrounding minimum wage laws, exploring the balance between economic equity and potential job loss. Discover the history of how these laws have evolved in the U.S. and their societal impacts. Additionally, uncover the Supreme Court's complex case selection process, including why it declines to hear certain controversial issues. Gain insights into what determines a case’s standing and the judicial implications of these decisions.
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The Morality of Minimum Wage
- Minimum wage is a controversial topic with moral arguments on both sides.
- Those who support it want to help low-wage workers, while opponents fear economic harm.
The Free Market Argument
- One moral argument against minimum wage is about a free market.
- It suggests individuals should freely enter transactions without government intervention.
The Worker Protection Argument
- The opposing argument for minimum wage is based on the complexity of the modern economy.
- It suggests workers need protection due to their limited bargaining power against employers.