Ep. 422: The Pay People Deserve with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Case for Raising the Minimum Wage
President Obama has proposed raising the federal minimum wage from $7.25 to $9 per hour. Mike Downey: 79% of all economists agree that the minimum wage increases unemployment among the young and unskilled. He says prices are not arbitrary; they convey real information about underlying scarcity.Downey: President Obama is missing the most fundamental fact about prices.
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