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Ep. 422: The Pay People Deserve with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Invisible Effects of Raising the Minimum Wage

When you raise the price of something, people will buy less of it. Unemployment among unskilled workers will rise as they compete for entry-level jobs in the market. Those who disdain low-paying jobs as menial are usually not thinking beyond stage one. Young people who begin by working at McDonald's seldom spend their careers at McDonald's.

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