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Posts Tagged: “supply and demand

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August 20, 2018Key Gold Headlines

Basic Economics: $5 Coke Cans and Minimum Wage Laws

One of the biggest enduring economic myths is the notion that the minimum wage laws only help workers and have no real negative effects. The fallacy inherent in this line of thinking becomes immediately clear if we simply propose a $1,000 per hour minimum wage. After all, if $15 is good, $1,000 would be fantastic, […]

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