The Final Thought On The Minimum Wage
Picture that: You are a farmer.
You have grown a ton of potato and brought it to a marketplace.
You recon everybody sells potatoes for $1 and you decided to set the price to 0.9 so that you can return home earlier.
Presently, a group of well dressed respectable men with baseball bats approached you:
— Nice potato you have here, good sir. Do you know that the minimum price for potatoes here is $1?
QUESTIONS:
1. do you believe these respectable men helped you sell your potato for a better price?
2. do you wish the minimum price to be set higher (e.g. $1.1)?
You have grown a ton of potato and brought it to a marketplace.
You recon everybody sells potatoes for $1 and you decided to set the price to 0.9 so that you can return home earlier.
Presently, a group of well dressed respectable men with baseball bats approached you:
— Nice potato you have here, good sir. Do you know that the minimum price for potatoes here is $1?
QUESTIONS:
1. do you believe these respectable men helped you sell your potato for a better price?
2. do you wish the minimum price to be set higher (e.g. $1.1)?
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