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https://freakonomics.com/podcast/the-true-story-of-the-minimum-wage-fight-ep-460/ What does economics predict a (binding) price floor should do to employment (quantity) in this case? The authors seem to find conflicting evidence on
https://freakonomics.com/podcast/the-true-story-of-the-minimum-wage-fight-ep-460/
What does economics predict a (binding) price floor should do to employment (quantity) in this case? The authors seem to find conflicting evidence on whether or not this prediction actually came about, and to what extent. Which of the arguments (if any) did you find most convincing? Does it seem that the employment effects were large or important?
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