Minimum wage rate and labors’ market prices.
Posted: Mon Sep 14, 2020 10:23 amMinimum wage rate and labors’ market prices.
Products “Market prices” are affecting by various factors. Enforcement of government laws affecting regarding trade or contracts regarding a product, is often such a price affecting factor. Those using the term ‘market rates” applicable to a legally enforced minimum wage rate within a marketplace, are referring to a theoretical, indefinite, (i.e. not actually existing) price that excludes governments’ minimum wage laws as not existing.
Regardless of some persons preferences, governments’ minimum wage laws are existing factors applicable within marketplaces. Respectfully, Supposn
Products “Market prices” are affecting by various factors. Enforcement of government laws affecting regarding trade or contracts regarding a product, is often such a price affecting factor. Those using the term ‘market rates” applicable to a legally enforced minimum wage rate within a marketplace, are referring to a theoretical, indefinite, (i.e. not actually existing) price that excludes governments’ minimum wage laws as not existing.
Regardless of some persons preferences, governments’ minimum wage laws are existing factors applicable within marketplaces. Respectfully, Supposn