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Econ Quotes

So what are the effects of increasing minimum wages? Any Econ 101 student can tell you the answer: The higher wage reduces the quantity of labor demanded, and hence leads to unemployment Picture Quote #1
If you’ve taken Econ 101, you know that the quantity of money rises only when the banking system makes a net loan Picture Quote #1
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So what are the effects of increasing minimum wages? Any Econ 101 student can tell you the answer: The higher wage reduces the quantity of labor demanded, and hence leads to unemployment  (Econ Quotes) If you’ve taken Econ 101, you know that the quantity of money rises only when the banking system makes a net loan.  (Econ Quotes)