The Minimum Wage

Tags: Labor and Wages, Strategy

06/07/2024 Mark Thornton

Well-functioning labor markets and the rise of Western Civilization—and our standard of living—is not an accident, coincidence, or a matter of chance.

The topic of this episode is probably familiar to most everyone—especially the arguments on both sides of the political debate. Mark largely ignores the politics, however, and digs deeper into more important aspects of the issue. Minimum wage laws don’t have to be politically divisive. Can minimum wage policy achieve shared goals and shared values?

Subscribe to this monthly podcast at Mises.org/Unanimity.

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.