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How Government Makes the Poor Worse Off.

TomWoodsTV
Published on Oct 22, 2018

Jim Epstein of Reason TV just released a mini-documentary on the effects of the coming $15 minimum wage on one particular sector of the New York economy, and it's devastating. Subscribe to the Tom Woods Show


Video Discussed

Published on Oct 11, 2018
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An in-depth look at New York's car wash industry, and the real world consequences of politicians interfering with a complex industry they don’t understand. Subscribe to our YouTube channel: http://youtube.com/reasontv

As Reason chronicled in a feature story in our July 2016 issue, the real world impact of the unionization drive, the lawsuits, and the $15 minimum wage has been mainly to push car washes to automate and to close down.

Two years later, there are more unintended consequences. The $15 minimum wage is fostering a growing black market—workers increasingly have no choice but to ply their trade out of illegal vans parked on the street, because the minimum wage has made it illegal for anyone to hire them at the market rate.

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