Friday, January 09, 2015
Update on Minimum Wage
UPDATE 1/9/2015: As of 1 Jan. 2015, the famous "three dollar movie theater" in Sioux Falls now charges $3.50! Coincidence? Of
course this would be an example of a price response rather than a
reduction in employment but as we know from Bastiat's essay, "That Which Is Seen, and That Which Is Not Seen," employment somewhere/everywhere will be negatively effected by the price increase.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment