Piketty’s Historic Minimum Wage Errors

Posted by Maphesdus 12 years, 1 month ago to Economics
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Wow, the book is really that bad, eh?

Also, Germany has no minimum wage? That I did not know.


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  • Posted by 12 years ago in reply to this comment.
    I said "term," not "word." The term you're twisting is "minimum wage," which is a term that consists of two words. Typically, when we talk about "minimum wage," we are not referring to the minimum price of a particular job on the labor market, as determined by supply and demand, but rather to a specific law implemented by government telling employers the lowest amount they're legally allowed to pay their workers.
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