How do studies of minimum wage challenge the orthodoxy
Problem
We've seen how many economists vehemently oppose price controls, saying that they'll create either shortages (price ceilings) or gluts (price floors). How do studies of minimum wage (a price floor) challenge this orthodoxy?
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We've seen how many economists vehemently oppose price controls, saying that they'll create. How do studies of minimum wage challenge this orthodoxy?
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