The introduction of a minimum hourly wage in an industry aims to reduce poverty among low-paid workers.
What is an advantage to workers of an effective national minimum wage?
1 )
All workers get paid according to their level of productivity.
2 )
Firms may look to increase capital equipment rather than labour.
3 )
Levels of employment become more dependent on wage differences.
Redistribution of a firm's income rewards labour rather than owners.
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