So minimum wage in Manhattan should be set at $50/hour?
What peer-reviewed research paper are you citing for your claim?
I'm actually an economist and the term is only used by non-economists.
Not according to this. "Farm workers had low individual earnings from farm work; the median income from farm work was between $2,500 and $5,000. Three-fourths earned less than $10,000 annually."…
Economists don't like protectionist unions. Who determines a "living wage"? Should someone working as a cashier in Walmart be able to afford an apartment in Manhattan?
What "business ethics" are you referring to?
Costco's median customer lives in a $75K household. Poor people certainly don't have the same purchasing power to buy high-end products in bulk.
So minimum wage in Manhattan should be set at $50/hour?
What peer-reviewed research paper are you citing for your claim?
I'm actually an economist and the term is only used by non-economists.
Not according to this. "Farm workers had low individual earnings from farm work; the median income from farm work was between $2,500 and $5,000. Three-fourths earned less than $10,000 annually."…
Economists don't like protectionist unions. Who determines a "living wage"? Should someone working as a cashier in Walmart be able to afford an apartment in Manhattan?
What "business ethics" are you referring to?
Costco's median customer lives in a $75K household. Poor people certainly don't have the same purchasing power to buy high-end products in bulk.