How does minimum wage hurt workers? (again)
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A. Employers will not employ workers at a higher wage than their expected marginal revenue product.
B. Applying minimum wage law creates a situation in which a greater number of workers are expected by employers to result in a net loss of revenue if legally employed.
C. We can therefore expect fewer of these marginal workers to be legally employed under minimum wage law than otherwise would have been. ... https://www.youtube.com/watch?v=JoNGpWFsE3o
2020-04-23
0.5 LBC
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