While economists are famous for their disagreements (and their incompetent forecasts), there is universal consensus in the profession that demand curves slope downward. That may be meaningless jargon to non-economists, but it simply means that people buy less of something when it becomes more expensive. And this is why it makes no sense to impose […]

via Is Anybody Shocked that Higher Minimum Wage Mandates Are Resulting in Fewer Jobs? — International Liberty

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