John Stossel - The Minimum Wage Doesn't Work

ibertarian reporter ohn Stossel discusses the damage that the minimum wage does. I can see why he moved to fox but I think he should have stayed at ABC. I can't see his shows but if anyone can record them can you please do so and upload them for me. Thanks.
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Category:

News & Politics

Tags:

• john stossel
• 2020
• abc
• fox
• fox news
• fox business
• minimum wage
• libertarian
• liberty
• libertarianism
• conservative
• conservatism
• liberal
• liberalism
• neoliberalism
• objectivist
• objectivism
• washington
• bureaucrats
• milton friedman
• ron paul
• peter schiff
• rand paul

[Scoforever]

@nwparsons

If the minimum wage does not cause unemployment, why not raise it to $150 an hour?

"in the capitalism market of America"

I want to make this very clear, America is not capitalist.  Money is half of all economic transactions and is controlled by the Federal Reserve which has a monopoly on money. In addition to that, government spending is responsible for about 36% of GDP.

[jrsub3]

Vast amounts of data suggest min wage workers are young, don't have dependents, and come from middle class households.

If I was a parent, and my 16 year old son came home and said the farmer a few miles away offered him a job at $5.75 / hr, and all three parties (farmer, son, me) found it to be okay, what right does the government have to say "No, that's against the law."

Also, if min wage laws don't cause unemployment, why was it so much harder to find work in HS at $7.25 / hr than now?

[gohan40129]

The mustache is the only reason he seems smart.

[louiethegreater]

This globalist pig must agree with the concept of placing American Labor in direct competition with 4 billion Asian workers, who will work for pennies. The founders provided a protectionist economy that served the country well until globalization became the craze.

[hmongak]

amazing how people dont believe that wage are negotiatable. your wage is the exchage of your time and labor for money/payment. therefore if the pay is too low then you turn it down. thus negotiating.

[skeptictom818]

If I walk into a store and they can't afford to hire me at $8 with this economy. Then with minimum wage I remain unemployed. But what if I am willing to work for 4 dollars an hour(believe me I would) and that employer can afford that then it's a win-win for both of us. With teenagers they don't have to worry so much on supporting themselves since they still live with their parents. I also seriously doubt that the wage would be $1-2 dollars since people wont work for that little.

[Toadphillips]

bringing back child labor will really bring the money in....

[jamesmoocn]

The real minimum wage is zero. If you don't work at all, you make zero; if you work, you make something; if you work harder, you'll make more... Is that a myth?

[truthfromtheword]

Labor is your own personal property and if you want to offer that property in exchange for any amount, then you should be able to do this. It is also funny how the minimum wage does get lowered during times of deflation. This always moving upward, but never down causes poor service and experiences at many businesses. Did you think they were going to keep the same number of people when they have a bottom line to meet? get a clue liberals. Minimum wage is used to buy votes for democrats.

[YoungTon22]

@Scoforever now youre saying you KNOW what they will do without minimum wage? who are you to say that?

and yes i said as little as they can. an individual will only not take the job or leave if they know there is another job or more money to be made somewhere else. now youre assuming that there is another job available.and that pay is better. i have plenty of proof that big business takes advantage of desperate people. china, india, mexico, you pick! this is fact (me) vs. speculation(you)

[Scoforever]

@YoungTon22

"again, the wage was what it was!"

With the minimum wage existing!

"they will pay there workers as little as they can."

And if they pay them to little, they leave, a message to pay them more.