Milton Friedman on Equal-Pay Legislation

by Don Boudreaux on April 17, 2014

in Competition, Myths and Fallacies, Prices, Reality Is Not Optional, Video, Work

In this short video from 1978, Milton Friedman explains some of the many problems with government efforts to mandate “equal” pay for “equal” work. ┬áNote especially the connection that Friedman identifies between calls by labor unions in South Africa for “equal pay for equal work” and that nation’s notorious policy of apartheid.

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