The Free Market and the Minimum Wage
Many people consider it a no-brainer that a higher minimum wage is a boon to all those at the lower end of economic productivity. But is this truly the case? If all raises are a gain, why not raise the minimum wage to higher than even a CEO; splendor and prosperity to all! Well, no, of course not. We all know that wouldn’t work. What, then, can we determine is a reasonable wage for these workers?
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