Minimum wage
Revision as of 09:47, 2 June 2020 by Kevmwangi (talk | contribs) (Created page with "Minimum wage is a price floor that makes it illegal for an employer to pay employees less than a certain hourly rate. ==Definition== According to Principles of Economic...")
Minimum wage is a price floor that makes it illegal for an employer to pay employees less than a certain hourly rate.
Definition
According to Principles of Economics by Timothy Taylor (3rd edition),
- Minimum wage. A price floor that makes it illegal for an employer to pay employees less than a certain hourly rate.
