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What's Wrong With Capitalism: Minimum Wage Debate Part 8
5 years ago
5
In this video I cover the minimum wage debate that ContraPoints touches upon on what's wrong with capitalism. ContraPoints doesn't understand that the raise of the minimum wage has the same effect as it does when you raise prices of goods and services, again, lacking an understanding of the laws of supply and demand, which I touch upon in this argument.
I also touched upon the argument on the sweatshops and how they better improve the poorer countries material standards of living, which is precisely what led us to improve our very own standards of living.
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