The journal

Articles on labor markets, minimum wage policy, and free-market alternatives

Serious, readable essays on the theory, data, and history behind the debate. Written for educated readers who want the argument made carefully — not shouted.

What Milton Friedman actually argued about the minimum wage

Friedman's case wasn't moral outrage — it was a precise prediction about who gets hurt when wage floors rise above worker productivity. Here's what he said, what the evidence showed, and where the modern debate stands.