Economics Is Super Hard, Y’all (Part I)

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“The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him.” Leo Tolstoy

In case you haven’t heard, lately there’s been a lot of debate concerning the minimum wage. Opinions are varied but among those who are most outspoken on the matter, most want the wage to be raised to $11 per hour. Every side brings up important points, but what most human beings forget to do when debating is to let the facts dictate opinion instead of the other way around. This may bother you, and if it does I hope very much to convince you, but I believe that the minimum wage ought to be abolished. As in, a $0 minimum wage. And about 50% of economists agree on that point. If you don’t, but you’re open-minded and willing to learn, read on.

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