Lex Fridman Podcast
#457 – Jennifer Burns: Milton Friedman, Ayn Rand, Economics, Capitalism, Freedom
Jennifer Burns
You just get it as kind of part of your membership in this general citizenship body. And so... That to him was really different than a minimum wage because it did not interfere with the work bargain. His belief about minimum wages was specifically that it priced out unskilled labor, that what an unskilled laborer had to offer was a willingness to work for a very low wage.
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