While some variation of the diagram above appears in almost every economics textbook, and provides the standard economic analysis of price floors and the minimum wage, I think there are some ...

A minimum wage, however, upsets this happy equilibrium because it sets a price floor in the market ... complicate the two-dimensional diagram taught in Economics 101 and help explain why a higher ...

Back then, I was a small business owner in northern New Jersey, and America’s paper of record recognized the basic laws of economics ... the minimum wage by a substantial amount would price ...

Big companies like McDonald's and Walmart have raised their minimum wages recently, but it's nothing like what CEO Dan Price is doing ... "It just doesn't make economic sense for really large ...

Dark purple represents nominal federal minimum ... any economics textbook, and you'll be introduced to the basic concept of demand -- more specifically the laws governing demand. If the price ...

Officials have given final approval to an ordinance that makes Los Angeles the largest city in the U.S. to gradually raise the minimum wage to $15 an hour. The City Council voted 12-1 in favour of ...