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David Henderson on the Minimum Wage

In this video for Prager University, EconLog’s David Henderson does a splendid job explaining that minimum-wage legislation harms the very people its well-meaning proponents mean to help.

Of course, not all of its proponents are well-meaning. As David explains in a section of his 2002 book, The Joy of Freedom, some minimum-age proponents are rent-seekers who profit unjustly when government prevents competitors from under-pricing them.