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38. Evolution, Complexity, and the Remaking of Economics

Mutiny Investing Podcast

CHAPTER

Minimum Wage

Maternay li a canot takes us on a tangent here, but maybe seg way back toen talking more about this time aspect. You would think that overtime that cascades through the system to where the goods and services even a minimum wage workers buy are going to go up commensurately with the rising and minimum wage. And or, i guess the the other ar complexity part of that is that maybe the employers eventually figure out nbatization to limit the amount employees,. Maybe they can keep the cost down through those of the competing forces of raising minimum wage time and then the countervailing force of technology reducing the actual amount of employees.

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