Debate: Abolish The Minimum Wage

Source: Intelligence Squared U.S., April 3, 2013

From the summary:
The first attempt at establishing a national minimum wage, a part of 1933’s sweeping National Industrial Recovery Act, was struck down by the Supreme Court in 1935. But in 1938, under the Fair Labor Standards Act, President Franklin D. Roosevelt signed into law a minimum hourly wage of 25 cents—$4.07 in today’s dollars. Three-quarters of a century later, we are still debating the merits of this cornerstone of the New Deal. Do we need government to ensure a decent paycheck, or would low-wage workers and the economy be better off without its intervention.

For the Motion:
James A. Dorn – Cato Institute Vice President for Academic Affairs, and Editor, Cato Journal
Russell Roberts – Research Fellow, Hoover Institution

Against the Motion:
Jared Bernstein – Former Chief Economist to Vice President Joe Biden
Karen Kornbluh – Former US Ambassador, Organization for Economic Cooperation and Development