Jason Abaluck on X: "I thought I'd try to reconstruct Bryan's discussion with a 13-year-old about the minimum wage based on the below tweet: (@bryan_caplan let me know if anything is inaccurate)" / X
To view keyboard shortcuts, press question mark View keyboard shortcuts Messages 1 Post Reply See new posts Conversation Pinned Jason Abaluck @Jabaluck I thought I'd try to reconstruct Bryan's discussion with a 13-year-old about the minimum wage based on the below tweet: ( @bryan_caplan let me know if anything is inaccurate) Quote Bryan Caplan @bryan_caplan · Aug 17, 2022 Took me under 5 minutes to turn a normal, smart 13-year-old against the minimum wage. Contrary to almost everyone, the textbook argument IS intuitive. It's just emotionally unappealing. Show more 2:43 PM · Aug 22, 2022 44 667 2.9K 992 Post your reply Reply Jason Abaluck @Jabaluck · Aug 22, 2022 BRYAN: people want to work, but only if they get paid enough. Firms want to hire workers, but only if they're not too expensive. The market wage is the wage at which the # of workers that firms want to hire and the # of workers who want to work is the same. 1 2 127 Jason Abaluck @Jabaluck · Aug 22, 2022 BRYAN: If the gove
Explore this link on the map →