When staking out a position, it is rare for a politician to acknowledge any tradeoffs. For example, a politician in favor of a minimum wage increase will praise the increased wages for workers, but won’t acknowledge that businesses will shut down or fire workers. That job is left to those on the other wide of…
Price controls deter voluntary, wealth-creating transactions: CA minimum wages increase to $20/hour
Price controls deter voluntary, wealth-creating transactions: CA minimum wages increase to $20/hour
17 Jun 2024 Leave a comment
in applied price theory, labour economics, minimum wage, unemployment
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