Minimum Wages Had a Eugenic Intent
All this talk of a $15 national minimum wage prompted me to revisit the standard textbook on economics of the US Progressive Era.
Tags: labor force
Examining the “Lump of Labor” Fallacy Using a Simple Economic Model
"Lump" and "labor" are two words that people don't normally put together. However, the "lump of labor" fallacy is evident in many people's thinking. The lump of labor fallacy is…