Radio: The Case for No Minimum Wage

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Radio: The Case for Having No Minimum Wage

Economists claim that minimum wage laws deprive less skilled workers of jobs, fail to reduce poverty, and negatively affect a country’s wages and earning.

In contrast, advocates of the minimum wage argue that very little job loss or increased unemployment is associated with minimum wage increases.

The most honest thinking on both sides is correct, but the minimum wage hurts the most disadvantaged.

For those well-intentioned people who believe the minimum wage ought to be raised, they are really saying we ought to make it illegal to provide employment for those whose work skills do not yet justify a higher wage.

David John Marotta was interviewed on the Schilling Show discussing the minimum wage, and the reasons keeping (or raising) a mandatory minimum wage could actually hurt some workers.

Listen to the radio interview here:

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Or read more with one of these articles:

  1. Minimum Wage Hurts Starter Jobs
  2. Wealth Inequality In America Series
  3. Obama Expands the Permanently Unemployed

Photo by Damian Zaleski on Unsplash

Follow David John Marotta:

President

David John Marotta is the Founder and President of Marotta Wealth Management. He played for the State Department chess team at age 11, graduated from Stanford, taught Computer and Information Science, and still loves math and strategy games. Favorite number: e (2.7182818…)

Follow Austin Fey:

Wealth Manager

Austin Fey is a Wealth Manager at Marotta Wealth Management, specializing in charitable giving and asset allocations. She is a regular contributor to our Marotta On Money articles, often giving advice to those just getting started in finance.