Minimum wage or minimum price: reduce supply

By Thomas Macauley on

San Francisco is about to increase minimum wage limits.

Britain about to increase price of booze.

Both with to reduce supply.  Fewer jobs in San Francisco.  Less drink in London.

“Britain’s Cameron will propose setting a minimum price for alcohol in an effort to curb consumption” – WSJ cover March 23, 2012.

Leave a Reply

Your email address will not be published. Required fields are marked *