Ep. 648: Thinking Clearly with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Effect of Minimum Wage on the Economy
LZ Granderson: Most people support the minimum wage out of good intentions. LZ: But when one has policy, he shouldn't pay attention to the intentions behind the public policy. He says it's a losing economic proposition if you must pay $7.25 an hour to no matter whom you hire. And who are these people? Well it's a low skilled worker,. LZ: It would have a devastating impact on the employment opportunities for teenagers and a doubly so on minority teenagers.
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