Ep. 33 That Australian Minimum Wage
The Tom Woods Show
Tom Woods
4.8 • 3.4K Ratings
🗓️ 6 November 2013
⏱️ 28 minutes
🧾️ Download transcript
Summary
"Has Australia Defied the Laws of Economics?" Dr. Ben O'Neill, professor of statistics at the University of New South Wales.
Transcript
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| 0:00.0 | I've abandoned free market principles to save the free market system. |
| 0:09.9 | In a world of conventional confusion, there will be time for them to make profits. |
| 0:14.9 | Now's not that time. |
| 0:16.5 | Daddy, what do taxes pay for? |
| 0:18.3 | Oh, why everything? |
| 0:19.7 | Policemen, trees, sunshine. |
| 0:21.9 | And let's not forget the folks who just don't feel like working, God bless them. |
| 0:25.9 | Don't be afraid. |
| 0:26.7 | I'll feel free to unshackle your mind. |
| 0:31.3 | An idea whose time has come cannot be stopped by any army or any government. |
| 0:36.9 | Your professor has arrived. |
| 0:41.1 | Tom Woods. |
| 0:46.8 | Beware, citizen, you are now departing from the world of allowable opinion. |
| 0:52.0 | The Tom Woods show. |
| 0:58.1 | Welcome, everybody. It is Wednesday, November 6, 2013. More international stuff here for you guys today. |
| 1:07.6 | Yesterday, we dispensed with the idea that Denmark is the world's happiest country because they have a long government maternity leave program. |
| 1:15.6 | And before that, we dealt with the Swedish welfare state, and we've dealt with Somalia. |
| 1:21.6 | Isn't Somalia an example of what goes wrong when Bill Clinton isn't around to help everybody. We dealt with all |
| 1:29.2 | those things. But now today we're going to talk about Australia. Now, why are we talking about |
| 1:34.6 | Australia? Because I keep getting people writing to me saying, you've got to respond about |
| 1:38.7 | Australia because my friends keep telling me, look, Australia has got a super high minimum wage and |
| 1:45.6 | employment is very robust there. |
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