David Edward Garber (@DaveGarber1975)

This StosselTV episode features how Seattle's ordinance to guarantee gig workers a minimum wage of $28/hour, which raised prices, deterred customers, and unemployed gig workers. As I might reiterate... It's nice getting a pay raise, but always through negotiation never through force, as coercion violates contractual rights. Political systems should help us to defend our contractual rights, not usurp those rights---but politicians sometimes try to trample such rights, anyway, although without any Constitutional authority. Such actions not only violate both natural rights and Constitutional law but they also innately result in unintended generally-counterproductive consequences---for example, although minimum-wage laws improve wages for some people, they unemploy other people (especially the most vulnerable) rather than allow them to hone their skills to qualify for higher compensation, they may even bankrupt some employers, and they require consumers to pay higher prices. So, basically, minimum-wage laws affect the economic ladder by rendering it harder for some to get on its first rung, helping others on the lower rungs to fall off it, and giving the remainder an unfair coerced boost, thereby forcibly distorting markets to benefit a few to the detriment of the many. Let's please oppose such unjust harmful laws, and instead restore respect for contractual rights! https://rumble.com/v7bo8hs-who-sets-prices-how-minimum-wage-broke-the-gig-work-economy.html #Economics #FreeMarkets #ContractualRights #LibertyOfContract #PriceControls #MinimumWages #Unemployment #GigWork #Seattle