Bonus Quotation of the Day…
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… 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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Source: https://cafehayek.com/2022/08/bonus-quotation-of-the-day-805.html
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