Monday, January 2, 2017

What to Do If You Live in an Area With a High Minimum Wage

If you are a low productivity worker in an area where the minimum wage is high, your only chance for employment may be in the off-the-books, underground market.

That is (and Austrian-lites will have hemorrhage over this point), a high minimum wage will result in more black market employment which will distort the unemployment rate, making it appear higher than it actually is.

Per Bylund has further advice:

And this is an interesting observation:

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