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 […]
This week, another round of fast food protests occurred in major cities nationwide. The protests are part of the broader “Fight for $15” movement that seeks to more than double the existing federal minimum wage to $15 an hour. While such a policy sounds like it could help low-wage employees, it would actually end up […]
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