Let People Prosper - Vance Ginn Economic Consulting

Vance Ginn Economic Consulting

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#LetPeopleProsper Series Episode 3: Opportunity Cost & Minimum Wage

6/20/2018

In this episode, I talk about the concept of opportunity costs and how we must sacrifice things to satisfy our desires. We work to consume, but an artificial minimum wage set by government distorts the labor market and hurts low-skilled workers the most.

Find the article on DC here and the average tipped wages from BLS here.

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Vance Ginn, Ph.D.
@LetPeopleProsper

Vance Ginn, Ph.D., works to let people prosper.

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