Card 7 / 53: How can a minimum wage actually hurt even the workers who stay on the job?
Answer:
Employers could reduce workplace amenities and other perks to compensate for the higher labor expenses. It is possible that employees would actually prefer the original combination of pay and other benefits to the combination they receive after the imposition of the minimum wage
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Dr.Robert MurphyAssociated Scholar
Mises Institute
USA
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