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Ep. 998: David Buckmaster Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Impact of the Minimum Wage on Employment

The minimum wage can effectively rise to about 50% to 60% of the median income for a country before it starts having some of these employment effects. The US is kind of an outlier on this, we're like 30%, 40%. Most countries that have more effective levers such as unions or sectoral bargaining and index living wages tend to hover between those levels.

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