Do people have the right to a living wage? Is paying a low wage for low-value work exploitation? What about unpaid interns or people who pay to work? Mark Pellegrino talks about need and the value of labor, and why the minimum wage can hurt those it…
Do people have the right to a living wage? Is paying a low wage for low-value work exploitation? What about unpaid interns or people who pay to work? Mark Pellegrino talks about need and the value of labor, and why the minimum wage can hurt those it's meant to help.
00:00 Minimum Wage
00:30 If something is more expensive, do you buy more or less of it?
00:51 Economic law
01:13 A reality-bound code of values
01:40 Altruism and need
02:17 Need and the welfare state
02:40 The Living Wage
02:59 Supply and demand
03:20 The employee as a ward of the employer
03:48 Exploitation
04:14 Reality is neither fair nor unfair
04:42 Thomas Sowell: the real minimum wage is zero
05:12 Wages can be low, zero and negative
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'If you price someone out of the labor market and they can’t get a job because their labor isn’t worth the new price, are you hurting them?'
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Mark Pellegrino is a successful actor who appeared in Lost, Supernatural, Being Human, 13 Reasons Why, American Rust, The Closer, The Tomorrow People, Dexter, The Big Lebowski, Mulholland Drive, Capote and more. Mark teaches at Playhouse Paris, the acting school he and his wife founded in Paris. He is also a co-founder of the American Capitalist Party and a graduate of the Objectivist Academic Center.
IMDb: https://www.imdb.com/name/nm0671032/
Twitter: https://twitter.com/MarkRPellegrino
Instagram: https://www.instagram.com/markrosspelle
#minimumwage #livingwage #economics #philosophy #philosophyshorts #employment #realitycheck #ethics
