Saturday, May 30, 2015

McDonald's & The Minimum Wage

1 comment:

  1. That was one of the best presentations of the Anti-employment act I have ever seen.

    I have never heard the argument that large corporations love minimum wage laws because they handicap the smaller less capitalized competition articulated so well.

    A lot of the economic illiterate masses think they are "sticking it to the man" with these laws, when "the man" is the driving for behind the legislation in the first place.

    Side note: perhaps it will be clearer why a heavy regulated credit market serves the largest corporation so well.