#BernieSanders #MinimumWage #Unemployment
Bernie Sanders was recently caught out not paying his staff the minimum wage while campaigning for a $15 living wage. Let’s use this hilarious job to look at the labour supply and demand curve and understand the unemployment implications of introducing a minimum wage. Finally, let’s have a look at Australia’s minimum wage and introduce the Big Mac Index.
Minimum wage: How does Australia compare to other countries?
Bernie Sanders campaign announces it will cut hours to pay staffers $15 minimum wage, prompting mockery
What Is the Big Mac Index?
Big Mac Index