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United States News See other United States News Articles Title: The “Unseen Effects” of California’s New Minimum-Wage Law
Source:
Econlib
URL Source: https://www.econlib.org/the-unseen- ... ifornias-new-minimum-wage-law/
Published: Dec 30, 2022
Author: Richard McKenzie
Post Date: 2022-12-30 17:29:05 by Charles_Byrd
Keywords: None Views: 66
French economic journalist and satirist Frédéric Bastiat, widely known for his sarcastic opposition to protectionism, observed in the mid-1840s, In the economic sphere an act, a habit, an institution, a law produces not only one effect, but a series of effects. Of these effects, the first alone is immediate; it appears simultaneously with its cause; it is seen. The other effects emerge only subsequently; they are not seen; we are fortunate if we foresee them. Click for Full Text! Post Comment Private Reply Ignore Thread
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