The Minimum Wage Does More Harm Than Good
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Source: zerohedge.com
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ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
The minimum wage is a barrier to entry for people with little or no work experience or skills. If the minimum wage is above the value that a person creates, there will be no incentive for the company to hire.
The 2021 Nobel Prize in Economic Sciences was awarded to David Card, Joshua Angrist, and Guido Imbens.