Bonus Quotation of the Day…

by Don Boudreaux on August 24, 2022

in Work

… is this comment by “JFA” on a recent Marginal Revolution post by Tyler Cowen:

I think it’s humorous that economists who favor the minimum wage usually believe that the market for low wage workers is a monopsony, while also saying things like “the minimum wage will drive low-paying firms out of the market”.

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