It is not the case that any minimum wage is bad. Equally true, it is not the case that any biofuels demand is bad. Empirical evidence finds that a set minimum wage is beneficial for economy and society. Likewise, biofuel demand contributes to advancing farming, writes Zoltán Szabó.
Zoltán Szabó is a sustainability consultant in bioeconomy.
The classical economic argument against an increased minimum wage is that increasing the cost of labour decreases demand for labour; job losses will concentrate in the worst paid sectors of the economy.