EconStories is out with another edition of EconPop. This time, host Andrew Heaton tackles the 1994 motion picture “The Hudsucker Proxy,” starring Tim Robbins and Paul Newman. Heaton discusses supply and demand as well as the minimum wage. It’s beneficial that he cites how the minimum wage was quite a racist law in its infancy because white people didn’t have to compete with blacks who were willing to work for a smaller wage. Heaton also mentioned how corporations support it because it helps drive the smaller competitors out of business.
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