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Artificial price ceilings and floors are a classic cause of "fake shortages" in basic economics. I'd be curious what would happen if we eliminated the minimum
by Ferret7446 2y ago
Artificial price ceilings and floors are a classic cause of "fake shortages" in basic economics. I'd be curious what would happen if we eliminated the minimum wage.
- _bin_ 2y agoWe've seen there's some demand for it with gig economy jobs. My guess is it'd be a net improvement, and the fact that our minimum wage is being inflated into irrelevance and wages are still rising suggests that's true.