Let me teach you a basic economic principle: The Price Floor.
See that point where the two bold lines meet?
That’s equilibrium; free markets naturally find it.
And that minimum wage line?
Push that higher and it’s simple: Unemployment soars.
Let me teach you a basic economic principle: The Price Floor.
See that point where the two bold lines meet?
That’s equilibrium; free markets naturally find it.
And that minimum wage line?
Push that higher and it’s simple: Unemployment soars.