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Minimum Wage

  • By: Vasilios D. Kosteas
  • In: Encyclopedia of World Poverty
  • Edited by: M. Odekon
  • Subject:Poverty & Homelessness, Global Inequality, Poverty & Inequality

MINIMUM WAGE IS A government intervention in the labor market that does not allow employers to pay a wage below a set minimum. This applies even if both the employer and employee want to agree to a wage below the legal ...

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