Jesus Freakonomics: A Living Wage with Unintended Consequences

You've probably heard the old adage "The road to hell is paved with good intentions." Does it follow that the road to economic hell paved with good intentions? This is one of a series of conversations with Dr. Charles North, associate professor of economics, on issues he writes about with Bob Smietana in their new book "Good Intentions: Nine Hot-Button Issues Viewed Through the Eyes of Faith."

Many faith-based organizations advocate a “living wage.” What are the effects of increasing minimum wage? In this segment, Dr. North discusses the unintended consequences that can result from an increase in the minimum wage.

Download the MP3 file: Jesus Freakonomics: A Living Wage with Unintended Consequences