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What are some plausible reasons why increases in the minimum wage may not have strong negative employment effects? The law of supply and demand doesn't
What are some plausible reasons why increases in the minimum wage may not have strong negative employment effects? The law of supply and demand doesn't apply to the labor market. Higher wages increase workers' purchasing power, creating higher demand for goods and services, which in turn necessitates hiring more workers. Higher wages may make jobs
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