Outline the objectives of minimum wage model.

      

Outline the objectives of minimum wage model.

  

Answers


John
1. To prevent firms from paying substandard wages.
2. To establish a wage floor to represent some minimum level of living.
3. To increase the purchasing power by raising incomes of low - wage workers.
Jonmhumble answered the question on October 29, 2017 at 16:36


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