Open to Debate

Bonus Podcast: Should We Abolish the Minimum Wage?

12 snips
Sep 4, 2015
The podcast discusses the origins of Labor Day and the ongoing debate on whether the minimum wage should be abolished. It explores the moral argument against the minimum wage, the potential effects on employment, and the need for a living wage. The chapter also delves into the consequences of abolishing the minimum wage, including impacts on payroll taxes and welfare benefits. The podcast challenges the concept of the minimum wage and presents a success story of a Mexican immigrant who achieved prosperity despite starting with a below minimum wage job.
Ask episode
Chapters
Transcript
Episode notes
1
Introduction
00:00 • 2min
2
Labor Day, Minimum Wage, and a Debate on Abolishing the Minimum Wage
01:33 • 2min
3
Abolishing the Minimum Wage: A Moral Argument
03:03 • 22min
4
The Effect of Minimum Wage on Employment
25:22 • 7min
5
The Theory of Worker Compensation and the Need for a Living Wage
32:36 • 2min
6
The Consequences of Abolishing the Minimum Wage
34:28 • 11min
7
The Argument Against the Minimum Wage and Debate Results
45:37 • 3min