The Future of Austrian Economics
Murray Rothbard presented this speech in 1990 as the final lecture of the Mises University, in the days following the collapse of socialism.
Murray Rothbard presented this speech in 1990 as the final lecture of the Mises University, in the days following the collapse of socialism.
Minimum wage laws force unemployment up. All of those with few skills looking for an entry position will be denied because they cannot add enough value to the business labor field to be paid minimum wage. Unemployment follows minimum wage hikes. Marginal workers are being denied the labor market.