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What are the pros and cons of minimum wage?

Anonymous

∙ 17y ago

Updated: 11/5/2022

Pros:

It stops a 'race to the bottom' by employers trying to undercut each other by cutting wages.

Workers can get a living wage by working just one job.

Cons:

A minimum wage set too high could make employing someone too expensive and consequently reduce employment.

Wiki User

∙ 17y ago

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