Price Controls Lecture
Anthony Davies. Not sure about some of those graphs, as "proof" about min wage increasing unemployment. But a good video for a general audience.
Labels: free market videos
posted by Mungowitz @ 6/07/2011 06:07:00 AM
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Lack of data points, even when correlated,tends to suggest randomness could still be present. I would offer Oregon rates of employment as a more interesting data set, since Oregon's minimum wage is one of the nation's highest, at $8.50. Note that Washington has a higher rate, but bows toward price as a motivator of resource utilization by discounting the wage floor for 14 and 15 year-olds.
Good video. Thank you.
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