Requiring a minimum wage in an overpopulated

Reference no: EM13301738

Why did Jagdish Bhagwati say “Requiring a minimum wage in an overpopulated, developing country … may actually be morally wicked”?

1) Imperialism is problematic in 3rd world countries

2) Low labor costs constitute the competitive advantage of developing countries

3) It can lead to class warfare

4) Workers in other companies will resent it

Reference no: EM13301738

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