Quantcast
Channel: Principled Liberty
Viewing all articles
Browse latest Browse all 50

Teenage unemployment and minimum wage

$
0
0

If you favor raising the minimum wage (to say, $9), you must also be in favor of unemployment; because it necessarily follows from it. It's so simple, it's the Marginal Product of Labor. How many workers at minimum wage actually add $7.25 of value to businesses with their labor currently, let alone $9? Not very many teenagers would be able to find a job if the minimum wage was raised to $9.

Viewing all articles
Browse latest Browse all 50

Trending Articles