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Higher wages also means more disposable income for workers which flows quite heavily to industries like retail and hospitality, which offer a high proportion of
by SturgeonsLaw 9y ago
Higher wages also means more disposable income for workers which flows quite heavily to industries like retail and hospitality, which offer a high proportion of entry level jobs
- nradov 9y agoDisposable income is disposable income regardless of whether it comes from wages or income redistribution. If minimum wages are artificially fixed higher than the value of labor then those workers won't get any wages at all.