Why is a living wage considered a price floor, Microeconomics

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Why is a living wage considered a price floor

Problem

Why is a living wage considered a price floor? Does imposing a living wage have the same outcome as a minimum wage?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Why is a living wage considered a price floor

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Microeconomics: Why is a living wage considered a price floor

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