Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN: 9781947172364
Author: Steven A. Greenlaw; David Shapiro
Publisher: OpenStax
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Chapter 4, Problem 3SCQ

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

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Why is  a living wage considered a price floor?Does imposing a living wage have the same out come as a minimum wage?
What is minimum wage in your own words? Why are you not against minimum wage?
What impact does the minimum wage have on the economy?

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