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minimum wage

2 statements across 2 episodes · 0 bullish · 0 bearish · 2 people on the record · first statement Oct 21, 2023 by Ben Horowitz · across every show →

Everything said about minimum wage, oldest first

Oct 21, 2023 neutral
Assertion Supported
Horowitz: Henry Ford doubled wages primarily to combat assembly line attrition
“In fact, Henry Ford, you know, famously doubled the minimum wage, but the reason he doubled the minimum wage was he had so much attrition because people hated those manufacturing jobs so much.”
Ben Horowitz Oct 21, 2023 ▶ 1:01:56 Why It's Time to Be A Techno-Optimist
Aug 4, 2025 neutral
Insight
Smith: Real-world political redistribution relies on inefficient market distortions
“In the real world, redistribution happens via things like the minimum wage or, you know, like letting the AMA decide how many doctors there's gonna be. So, so redistribution in the real world is not always the most efficient thing.”
Noah Smith Aug 4, 2025 ▶ 38:26 Dwarkesh Patel and Noah Smith on AGI and the Economy
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