A Letter Concerning Minimum Wage (with calculations)

Posted by Garret Tufte on Mar 16, 2017 in Economics, Misc. Prose | 0 comments

This is an increase in the minimum wage. If we’d like to keep our governmental functions and stimulate the economy, simultaneously, it’s a winner. When you pay your workers enough to buy their own work, you make equity, as Henry Ford paid his employees enough to buy their own vehicles.