Is Minimum Wage Causing Problems? || Debate Clip || Abolish the Minimum Wage

The first attempt at establishing a national minimum wage, a part of 1933's sweeping National Industrial Recovery Act, was struck down by the Supreme Court in 1935. But in 1938, under the Fair Labor Standards Act, President Franklin D. Roosevelt signed into law a minimum hourly wage of 25 cents—$4.07 in today's dollars. Three-quarters of a century later, we are still debating the merits of this cornerstone of the New Deal. Do we need government to ensure a decent paycheck, or would low-wage workers and the economy be better off without its intervention?

For: James A. Dorn
For: Russell Roberts

Against: James Bernstein
Against: Karen Kornbluh

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[SpamSpamNEggs]

Think the last line sums up the entire debate well. "If you believe that, you know very little about the actual labor market."

[requiemforamerica]

that can definitely be said of the side that champions minimum wage laws.

[Mr]

no one should make less than whats liveable. the question around the minimum wage is stupid/wrong. we should be talking about why is it moral to hire someone at such a low wage.

[DanThePhilosopher]

Population, compitetion, the market, value of the person working, and morality. Meassure by the flow of time and whatever is realative it is all so bad, and there is more land space on this earth and new generations of people yet to have their say.

[SpamSpamNEggs]

If you believe that, you know very little about the actual labor market.

[efortune]

Automation is increasingly making jobs obsolete. With technology advancing at an exponential rate more jobs are being destroyed than created via technology. Eventually we will have to figure out how to have an economy not based on work for income. for more there's a youtube doc called "I Lost My Job" by FutureMediaChannel. Google "technological unemployment" or a TED Talk by Andrew McAfee and another by Federico Pistono