Posted on 20 December 2010 by admin
Posted on 20 December 2010 by admin
Posted on 21 January 2010 by admin
This topic may seem a little out of place, but it is really an underrated issue when dealing with a true free market. Minimum wage is often touted as a protection of the working class and a solution to poverty. However, the results of the minimum wage policy have the exact opposite effect. I cannot say that this video presentation is the most entertaining, but it certainly gets the job done.
Video 1 gives a great introduction to basic economics and how prices occur in a free market.
Video 2 explains effects of minimum wage and why it is a destructive force to employment and the economy as a whole. If you have a decent understanding of economics you can probably just skip to the second video.