Jay Rhine writes:
I was just listening to your 11/6 podcast, “That Australian Minimum Wage.” At the end, you mentioned that union’s like minimum wage increases since it reduces their competition. While true, you did not mention the more direct reason why many unions like minimum wages. That is that their wages rates are often tied to the minimum wage in their contracts, so an increase in the minimum wage will often lead to an increase in their wages. Here is an article that from the Wall Street Journal that talks about this.