What It Takes to Get a Minimum Wage Job - Job Search Tips
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Conventional economic theory predicts that raising the minimum wage destroys jobs. But decades of evidence challenge that prediction. Why? Economist Kathryn Anne Edwards (@keds_economist) explains on (@weeklyshowpodcast) how employer market power—known as monopsony—helps explain why higher minimum wages don't necessarily lead to job losses. #economics #capitalism #inequality #jobs #labor #trickledowneconomics
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Conventional economic theory predicts that raising the minimum wage destroys jobs. But decades of evidence challenge that prediction. Why? Economist Kathryn Anne Edwards (@keds_economist) explains on (@weeklyshowpodcast) how employer market power—known as monopsony—helps explain why higher minimum wages don't necessarily lead to job losses. #economics #capitalism #inequality #jobs #labor #trickledowneconomics
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