EBook on Ten Unavoidable Problems with a "Living" Minimum Wage
It is a fact that if the minimum wage in the state is higher than the minimum wage in the federal, there can be serious problems with the employers leading to major financial changes, budget cuts and most importantly layoffs. Milton Friedman, an American economist, writer and statistician concluded that “The rise in the legal minimum-wage rate is a monument to the power of superficial thinking”. Increasing the minimum wage might look good but only from the outer side. But...
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