Law of the Minimum on Wages

E1049487 UNEXPLORED

The Law of the Minimum on Wages is an economic principle asserting that workers’ pay tends to be pushed down toward the lowest level compatible with basic subsistence under competitive market conditions.

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Law of the Minimum on Wages canonical 1

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maximum on prices (Law of the Maximum) relatedTo Law of the Minimum on Wages
subject surface form: maximum on prices