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#39 Tyler Cowen: Thinking About Thinking

The Knowledge Project with Shane Parrish

CHAPTER

Do Minimum Wages Really Work?

Do you end up ahead? Oh, a little bit, but not as much as it looks. There's good evidence for this, and other poor people have to pay more for their food. A lot of those apparent first round gains get given back and they dissipate. What advice would you give to somebody under forty who's a never been warded for saving? I think the people who save well have methods and systems, almost like a religion.

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