Minimum Wage: A Brief Study Of The Princeton Research

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Issue:

Miscellaneous

 

Written by:

Louise R

 

Date added:

May 18, 2014

 

Level:

College

 

Grade:

A

 

No of pages / words:

1 / 148

 

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6988 times

 

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Essay content:

“The minimum wage law can simultaneously increase wages and employment in markets in which employers have some monopsony power” (Lipsey, p.336). In the simplest example of a monopsony power, there is only one employer in the area. The result of paying a slightly higher wage can result in higher output and profits...
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“The minimum wage law can simultaneously increase wages and employment in markets in which employers have some monopsony power” (Lipsey, p.336). In the simplest example of a monopsony power, there is only one employer in the area. The result of paying a slightly higher wage can result in higher output and profits...
displayed next 300 characters

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