Economics

Why Even Insiders Underestimate Markets’ Power

Anyone who has ever taken a competently taught economic principles course should understand why people tend to underestimate market forces for airline fuel, irrigation water, and so many other areas.

The Unintended Consequences of The Minimum Wage

The Unintended Consequences of The Minimum Wage

But behind all of these negative and usually unintended consequences arising from the imposing of a government-enforced hourly minimum wage remains the fundamental ethical issue: who shall have the right to decide under what terms and conditions people enter into gainful employment?

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