Trading Perspectives #116: Minimum Wage

Trading Perspectives Podcast logo, John NorrisMinimum Wage 

Minimum wage is simply a price floor for labor.  When the minimum wage is above the market clearing price there will be a surplus. Does the federal government have enough information to decide what the minimum wage should be on the local level?  Perhaps the central government is not the best decisionmaker when it comes to spending our money.  

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