Wage rates in every country are determined by the productivity of the workers in the country.
Murray N. Rothbard
Making Economic Sense, p. 18
Thomas E. Woods, Jr., is the 2019 winner of the Hayek Lifetime Achievement Award from the Austrian Economics Center in Vienna. He is a senior fellow of the Mises Institute and host of The Tom Woods Show, which releases a new episode every weekday.
The Tom Woods Show: https://tomwoods.com/
0:00 – Child Labor
5:25 – Market Entrepreneurs v. Political Entrepreneurs
8:46 – Monopolies & Predatory Pricing