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In the 1970s, price floors on airline tickets caused wasteful increases in the quality of airline trips. Does the minimum wage cause wasteful increases in the quality of workers? if so, how? in other words, how are minimum‑wage workers like airplane trips?.

Sagot :

In actuality, the minimum pay may ineffectively improve employee quality. A worker who would be more valued in another field, as Tom Brady at Mather (extreme), stays at a low-skilled position because of the income.

An employee may not lawfully sell their work for less than the minimum wage, which is the lowest amount that a company is required by law to pay their staff. By the turn of the century, minimum wage laws had been adopted in the majority of nations.Because minimum wages raise the cost of labour, businesses frequently try to get around minimum wage regulations by hiring gig workers, moving labour to places with lower or no minimum wages, or automating job activities. The minimum wage campaign got its start as a way to stop employers who had undue bargaining leverage over workers in sweatshops from taking advantage of them.

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