Wednesday, March 30, 2005

Minimum wage impact

This is a great post on what options a camp site operator has in the face of higher minimum wages. (via Political Calculations.) It's well worth reading, and illustrates how higher prices squeeze out low productivity employees, substitute capital for, raise costs for (poor) consumers, and the law of unintended consequences. Well worth reading.


Post a Comment

Subscribe to Post Comments [Atom]

<< Home