We are going to tackle the minimum wage issue with facts, figures, economic laws, and logic rather than, what we usually get - emotional calls for the wage rate increase using illogical arguments that are in direct opposition to economic law.
I want to start with a quote by Thomas Sowell from his epic book, Basic Economics that really lays the foundation for this discussion. On page 237 he said:
“By the simplest and most basic economics, a price artificially raised tends to cause more to be supplied and less to be demanded than when prices are left to be determined by supply and demand in a free market. The result is a surplus, whether the price that is set artificially high is that of farm produce or labor.”
Show Notes:
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The video of this episode is available on Thinkspot, Rumble, BitChute, and Brighteon. Check out short highlight videos of each episode on Instagram.
Ep. 293 - The Truth About Earth Day
QUICK RANT - Biden's Lies
Ep. 292 - The Truth About the Republican-Endorsed Surveillance State
EPIC RANT - How to Save America from Itself
Ep. 291 - The Truth About Biden's Resume
Ep. 290 - The Truth About the Power of Questions
Ep. 289 - The Truth About the Abolishment of the Environmental Protection Agency
Ep. 288 - The Truth About Never Letting a Crisis Go to Waste
Ep. 287 - The Truth About the Democrat’s Battle with Reality
Ep. 286 - The Truth About Mitch McConnell
Ep. 285 - The Truth About the Abolishment of the USDA
Ep. 284 - The Truth About Connecting the "Get Trump" Dots
Ep. 283 - The Truth About Tucker Carlson's Interview of Vladamir Putin
Ep. 282 - The Truth About Biden’s Crimes – Classified Documents Edition
Ep. 281 - The Truth About Federal Border Enforcement
Ep. 280 - The Truth About the Abolishment of the Department of Energy
Ep. 279 - The Truth About the Boy Who Cried Wolf - The Green Energy Boondoggle
Ep. 278 - The Truth About 2023 - Things We’ve Never Seen Before
Ep. 277 - The Truth About Connecting the Dots on the Open Border
Ep. 276 - The Truth About Dictatorial Claims Projected on Trump
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