the.com/price floor

The law saying this thing is worth more than you're willing to pay for it.

means A legally mandated minimum price for a good or service, set above where supply and demand would naturally settle, usually to protect sellers like farmers or workers.

from Straightforward economics jargon, not ancient etymology: 'floor' here is the architectural metaphor doing the work — a floor is the lowest point you can go, the surface that stops you falling further. Pair it with 'ceiling' (price ceilings cap how high a price can legally go) and you get a tidy spatial model economists leaned on as the discipline formalized graphs and models in the 20th century. The term spread through textbooks and policy debates — minimum wage laws being the classic real-world example — because 'floor' instantly conveys 'you cannot go below this' without needing further explanation.

creates
surplus, because supply ignores feelings
classic example
minimum wage laws
backfires when
set above equilibrium price
opposite of
price ceiling, its chaos-causing sibling
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