#457 – Jennifer Burns: Milton Friedman, Ayn Rand, Economics, Capitalism, Freedom

6592.899 - 6616.183 Jennifer Burns

And if you set the minimum wage too high, businesses, instead of hiring that higher-priced laborer, would not hire or like we could think of today right they put an electronic checkout you know or something like this where you don't actually need the labor so he really believed the minimum wage had that perverse incentive now there's this is a live debate on what minimum wages do and they're