Description of this paper

What is minimum wage a price floor or a price ceiling?

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solution


Question

What is minimum wage a price floor or a price ceiling? Can you give an example of both a price floor and a price ceiling? Minimum wage is based on a federal decision of what labor should be paid as a minimum from an employer to an employee for their work. Do you think minimum wage should be based more on the cost of living? Do you think minimum wage could decrease based on a recession?

 

Paper#32547 | Written in 18-Jul-2015

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