Economical myths

Economical myths

By the end of the lesson, you will be able to identify common economic myths and understand the realities behind them.

Increasing the minimum wage will lead to widespread job losses.

1. Myth
2. Truth

Increasing the minimum wage will lead to widespread job losses.

Reality - Research suggests that moderate increases in the minimum wage generally have minimal impact on overall employment levels, and can even stimulate economic activity by increasing consumer purchasing power.

Immigrants take away jobs from native workers.

1. Myth
2. Truth