Gene Epstein joins us to refute a Dean Baker article claiming that another reason to raise the minimum wage is that it has not kept pace with increases in productivity. Gene has the numbers, as usual. Sponsor: If you’re tired of doom and gloom in your financial analysis, Merk Research offers a balanced, unbiased approach to the market and economy. Get a three-month free trial of their material at
Thomas E. Woods, Jr., is the 2019 winner of the Hayek Lifetime Achievement Award from the Austrian Economics Center in Vienna. He is a senior fellow of the Mises Institute and host of The Tom Woods Show, which releases a new episode every weekday. Visit https://tomwoods.com