Episode 15 - Economics 101 - 4 of 8 - Labor - Murray N Rothbard

ECONOMICS 101

Murray Rothbard's Economics 101 series

4. Labor

Minimum wage laws force unemployment up. All of those with few skills looking for an entry position will be denied because they cannot add enough value to the business labor field to be paid minimum wage. Unemployment follows minimum wage hikes. Marginal workers are being denied the labor market.

There were workers in canning businesses making thirty cents an hour who were disemployed when a forty cents minimum wage was enacted. By changing definitions of employment government agencies manipulate figures.

Population growth issues have often been irrational. Overpopulation in one area could be under population in another. Optimum (maximum) populations depend on market systems and capital investment. As levels of living rise, parents decide upon lower birthrates.

The fourth of eight sessions from Murray Rothbard's Economics 101 series.

A collection of eight speeches and lectures by Murray N. Rothbard, spanning from the 1970s to the early 1990s. He is speaking in a small classroom setting, explaining economics from the ground up, and systematically in the manner of a classic 101 course on the topic—but with a revolutionary approach.

This lecture on YouTube: https://youtu.be/fgoVbqGUv3E

Sourced from: https://mises.org/library/economics-101

We are not endorsed or affiliated with the above.

https://creativecommons.org/licenses/by-nc-nd/3.0/legalcode

Presented by Read Rothbard:

Read Rothbard is comprised of a small group of voluntaryists who are fans of Murray N. Rothbard. We curate content on the www.ReadRothbard.com site including books, lectures, articles, speeches, and we make a weekly podcast based on his free-market approach to economics. Our focus is on education and how advancement in technology improves the living standards of the average person.

The Read Rothbard Podcast is all about Maximum Freedom. We look at movies and current events from a Rothbardian Anarchist perspective. If it's voluntary, we're cool with it. If it's not, then it violated the Non-Aggression Principle and Property Rights - the core tenants of Libertarian Theory - and hence - human freedom.

Website: http://www.ReadRothbard.com

iTunes: https://itunes.apple.com/us/podcast/the-read-rothbard-podcast/id1166745868

Google Play Music: https://play.google.com/music/m/Ii45fhytlsiwkw6cbgzbxi6ahmi?t=The_Read_Rothbard_Podcast

Facebook: http://www.facebook.com/readrothbardclub

Flickr: https://www.flickr.com/gp/145447582@N05/xB4583

Patreon: https://www.patreon.com/ReadRothbard

Murray Rothbard, Murray N Rothbard, Read Rothbard, Anarchy, Anarchism, Free-Market, Anarcho-Capitalism, News and Events, Podcast, Laissez-Faire, Voluntaryist, Voluntaryism, Non-Aggression Principle, NAP, Libertarian, Libertarianism, Economics, Austrian Economics, Austrian Economics Overview, Capital and Interest Theory, Prices, Value and Exchange, Economics 101, Microeconomics, Supply and Demand,