Who makes the minimum wage in your community, Microeconomics

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Who makes the minimum wage in your community

Problem

Several states have set the minimum wage in their states higher than the federal minimum wage. If doing so places them at a competitive disadvantage for new business this might be counterproductive. On the other hand, the minimum wage is typically relevant only in low-paid service jobs. Who makes the minimum wage in your community? Would your community be better off with a higher minimum wage?

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