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Friday, January 17, 2014

More on The Minimum Wage Law

Dr. Walter Block provides some lucid insight on the notion on how Minimum Wage laws impact The Division of Labor. In his article titled, "The Minimum Wage Law", he constructs a polemic discussing the effects of this law if the minimum wage law is increased by Government mandate.

Along with Dr. Walter Block's article, here are some videos discussing the impact of raising minimum wage laws. The first video is from the late Dr. Milton Friedman, and the second video is from Dr. Walter Williams.






Dr. Milton Friedman's video:




Dr. Walter Williams' video: