Why the proper federally mandated minimum wage is $0.00 Episode 165

The federal minimum wage is obsolete. So, of course, abolish it.

Of course wages are to be paid for the job being done, but only the person paying for that job knows its value. That’s the part the central planner misses.  This episode talks about some of the other problems with the government fixing the price for labor.

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Tom Woods’ show mentioned

Tom Woods’ rent control episode

Article mentioned

Sowell on minimum wage

Cookbook blog page

Cooking for Comfort page

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