The minimum wage: job killer or poverty reducer?
It seems like increasing the minimum wage is a never-ending discussion - particularly among the political class. The other day I came across this video of economist Milton Friedman describing why a minimum wage, and increasing it, is a bad idea. This video is about 30 years old and I was struck by how similar the issues were at that time as they are today.
While I can see both sides of this issue, I find Friedman's position and logic in the video very compelling. What do you think? Below is another short video that describes why some businesses may be more interested in supporting a minimum wage increase while others would be opposed.