3min chapter

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460. The True Story of the Minimum-Wage Fight

Freakonomics Radio

CHAPTER

The Minimum Wage - Who Pays for It?

Middle and higher income consumers end up subsidizing wages at the bottom. Price passed through, meaning businesses pass the higher costs on to customers. Amazon dot com has already raised its own minimum wage to fifteen dollars an hour,. The national restaurant association have come out strongly against a minimum wage hike. After surveying two thousand of its members, the association said nearly all restaurant operators say they will increase menu prices....

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