Taking unfair advantage of their employees

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Reference no: EM131738243

A common argument in favor of minimum wage laws is that they are necessary to prevent employers from taking unfair advantage of their employees. What is the flaw of this argument?

A legal minimum wage does all but which ONE of the following?

a) Reduces the quantity of labor demanded

b) Increases the quantity of labor supplied

c) Creates a market surplus of labor

d) Creates a market shortage of labor..

Question Has to be answered in 150 WORDS.

Reference no: EM131738243

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