Minimum Wages laws are the subject of this weeks episode. Unsurprisingly I think they are a bad idea but I thought I would explain why as the question of them seems to come up regularly in conversation.
As promised the examples I used from the show if you wish to check my math!
Worked Example of Wages
$10 an hour market clearing wage
$20 an hour minimum wage
$15 an hour minimum wage
$11 an hour minimum wage
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