In this podcast, John & Sam exchange perspectives on current events that are impacting our economy and influencing investment strategies. Trading Perspectives is hosted by Oakworth Capital Bank's Chief Economist, John Norris along with Associate Managing Director and Portfolio Manager, Sam Clement.
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Dec 8, 2020
Minimum wage is simply a price floor for labor. When the minimum wage is above the market clearing price there will be a surplus. Does the federal government have enough information to decide what the minimum wage should be on the local level? Perhaps the central government is not the best decisionmaker when it comes to spending our money.