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Adam Mastroianni on Learning and Mostly Forgetting

EconTalk

NOTE

The Threat of the Minimum Wage for Low Skill Workers

People often react defensively when discussing the minimum wage with economists, feeling threatened rather than open to considering alternative viewpoints. The key to having a productive discussion is establishing common ground and presenting evidence that challenges conventional beliefs. Although it may seem intuitive to make it illegal to pay low wages, studies have shown that this approach does not necessarily achieve the desired goal. It is important to create a positive atmosphere and engage with data in order to have a meaningful conversation and potentially change minds.

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