Political Science, asked by vidhatrikumarisingh, 1 year ago

Why do we need laws in minimum wages?



Answers

Answered by pop24
1
They haven't thought it through. The real reason why we need a minimum wage has nothing to do with the welfare of workers or the availability of jobs. ... So from firms' perspective, when there is slack in the labour market (unemployment) they have little incentive to pay wages high enough to live on

vidhatrikumarisingh: outstanding
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