Tag: economics of the minimum wage
How to get your progressive friends to understand the minimum wage
December 16, 2016 | Post
Early proponents of the minimum wage advocated it not in spite of, but for its deleterious effects on minority populations.
Minimum Wage and Employment: Debunking the Oft-Cited 1994 Study
December 17, 2015 | Post
Preston Cooper over at Economics 21 has written an excellent piece about minimum wage’s effects on employment. Economics teaches us that when you raise the price of a good, the amount of that good which is demanded goes down. This is true whether the thing for sale is ketchup or labor. Supporters of the minimum […]