It's pretty basic economics, raise the price of something and you get less quantity demanded. Forcibly raise wages by law and you will get less quantity demanded for labor.
Friday, December 30, 2016
Minimum Wages Will Increase in 20 States at the Start of the Year
Is your state about to increase unemployment at the start of the New Year by raising the minimum wage?
It's pretty basic economics, raise the price of something and you get less quantity demanded. Forcibly raise wages by law and you will get less quantity demanded for labor.
It's pretty basic economics, raise the price of something and you get less quantity demanded. Forcibly raise wages by law and you will get less quantity demanded for labor.
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