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Raising the minimum price of chips will increase the amount of money given to chip companies which will give them more money to spend creating more jobs. How d
by grinnbearit 12y ago
Raising the minimum price of chips will increase the amount of money given to chip companies which will give them more money to spend creating more jobs.
How does artificially increasing the price of something make the market more likely to clear?
- chrisbennet 12y ago"Raising the minimum price of chips will increase the amount of money given to chip companies which will give them more money to spend creating more jobs." This is not actually true. Companies only hire when then they have demand.
- chongli 12y agoWhat are you talking about? I'm talking about minimum wage, not minimum prices on food. There's no such thing as a minimum price of chips anyway.
- grinnbearit 12y agoA minimum wage is a minimum price on labour, its quite similar to a minimum price on chips and the market will respond in the same way