"What is the federal minimum wage? Who benefits from it being $7.25 an hour? Not the common people"
Can you give a source on this one, you state it like it's something obvious and studied but I don't follow? I'm curious how this policy doesn't result in increased off shoring in a world where USA doesn't control 100% of resources, and a theoretical world this would result in inflation normalizing against the increased monetary supply.
Can you give a source on this one, you state it like it's something obvious and studied but I don't follow? I'm curious how this policy doesn't result in increased off shoring in a world where USA doesn't control 100% of resources, and a theoretical world this would result in inflation normalizing against the increased monetary supply.