Liberty Pen: Milton Friedman- 'A Conversation On The Minimum Wage (1980)'

Source:Liberty Pen- this is from Professor Milton Friedman's Free To Choose documentary series.

Source:FreeState Now

"A debate on whether the minimum wage hurts or helps the working class. Liberty Pen." 

From Liberty Pen 

I'm in favor of a living wage for multiple reasons, but I'll give you a practical one: if you want to low-income workers to work, instead of staying home and just collecting public assistance, you not only want a minimum wage, but you want low-income and low-skilled workers to not only be able to at least get a minimum wage, but have that wage higher than what they could get if they didn't work at all. 

For practical reasons, we should not only have a living wage, but have what Professor Milton Friedman called a negative income tax or have subsidize employment, where low-income, low-skilled people would not only work, but then get that income matched by the government up to a point, to encourage these folks to work and not stay at home, even if they have kids or other relatives to take care of.