Here's What You Probably Didn't Know About Tipping

Like all minimum wages, the tipping minimum wage theoretically is an economic floor that stops wages from falling to equilibrium and creates job shortages.

Hot Wing Markets

Opening on April 1 in NYC, the Exchange Bar & Grill has food and drink prices that respond instantaneously to demand.  As described in a Reuters article, if everyone wants hot wings, then, in $.25 increments, the price increases; if…