Re:What harm do minimum wages do?
by gjulianm on Wednesday August 19, 2020 @03:51PM
(#24215388)
Not a greater need or desire, but a fundamental need. It's an important distinction. In a perfect market, if the only offers to buy a product are too low, you will stop production and close the company because you can't make a profit. In the labor market, if the salaries are too low, people will still take the jobs because low income is better than zero income.
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