Companies don’t have to but many a times do pay higher than minimum wages? Explain each briefly. Which (one or both) of these instances of paying above minimum wage to its employees do you think is a smart decision on part of the company and why? Who gains from these decisions and who loses?

Companies don’t have to but many a times do pay higher than minimum wages? Explain each briefly. Which (one or both) of these instances of paying above minimum wage to its employees do you think is a smart decision on part of the company and why? Who gains from these decisions and who loses?

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter16: The Markets For Labor, Capital, And Land

Section: Chapter Questions

Problem 5P

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