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Why the Minimum Wage Sucks and Should Be Abolished - Jody Bruchon

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First published at 16:41 UTC on March 12th, 2019.

#minimumwage
#economics
#wages

Jody Bruchon

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In which I discuss the reasons that the minimum wage needs to be abolished rather than ratcheted up to $15/hr. Actual video starts at 0:50.

The movement for a $15/hr minimum wage has received a lot of attention. Amazon recently "enacted a comp…

In which I discuss the reasons that the minimum wage needs to be abolished rather than ratcheted up to $15/hr. Actual video starts at 0:50.

The movement for a $15/hr minimum wage has received a lot of attention. Amazon recently "enacted a company-wide $15/hr minimum wage" which sparked a discussion full of people sorely lacking in common sense, math skills, and basic critical/analytical thinking. It also resulted in Whole Foods (a subsidiary of Amazon) employees that were already on the bottom of their pay scale taking a pay cut through reduced hours despite a higher nominal wage.

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