Gongol.com Archives: August 2013
Brian Gongol

August 29, 2013

Business and Finance How could we return to high rates of economic growth?

Business and Finance What happens when you have an effective price floor?
A surplus, that's what. A lesson in basic economics for those who are striking for a $15 wage at fast-food restaurants. Most specifically, we would likely see a surplus of youth workers (in other words, high youth unemployment) if we raised the minimum wage dramatically.