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How are wages determined? What are the factors that influence an individuals rate of pay? What is the objective of minimum wage? Should there be

How are wages determined? What are the factors that influence an individuals rate of pay? What is the objective of minimum wage? Should there be a national minimum wage or wages set by the individual states. The Dairy Farmer in the CNN video can't find local labor who can do the work he needs. Would a higher wage produce the labor, or is imported labor at a lower wage a better option?

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