House Bill 1208: Price controls for a minimum wage mistake
What happens when the price of eggs soars? People buy fewer eggs and start looking for substitutes. What would happen if, say, government set a $10 minimum price on a dozen eggs, higher than the usual price in stores these days? People would buy fewer eggs, yet producers would want to sell all the eggs they could. Some eggs would sit around unpurchased.
House Bill 1208: Price controls for a minimum wage mistake Read More »