RE: Dr. Antony Davies -- four-minute explanation of why a $15 minimum wage will hurt the very people it is meant to help

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Yes, I am careful to define "capitalism" when I use the term.

With my students, I have even shied away from using the term "free markets" because it is typically not clearly defined or understood. Instead, I use the term "competitive markets". Whenever there is competition in a given market, societal benefits are sure to follow. (Also, FWIW, whenever there is a lack of competition, most times government itself has a hand in stifling whatever competition there would otherwise be).



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