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The market doesn’t set the minimum wage. The market actively pushes wages down, as we’ve seen even with a very small unemployment rate wages haven’t gone up.
by taurath 7y ago
The market doesn’t set the minimum wage. The market actively pushes wages down, as we’ve seen even with a very small unemployment rate wages haven’t gone up.
- Consultant32452 7y agoWhat do you think the market is aside from the cumulative actions of all of the individuals in the economy such as workers (voters) and businesses? Why do you believe workers/voters were able to demand a higher minimum wage 50 years ago? I explained what I think changed, I'm curious to know your thoughts.