. The minimum wage of $8 an hour is not efficient because it creates a deadweight lossthe...
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. The minimum wage of $8 an hour is not efficient because it creates a deadweight loss—the marginal benefit to growers exceeds the marginal cost to workers. Tomato pickers who find work at $8 an hour gain. Tomato growers and unemployed pickers lose. The minimum wage is unfair on both the fair-rules and fair-result views of fairness.
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