What is the unconventional view

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The non-economist's view of the minimum wage seems to be that it forces greedy employers pay poor workers more money, making all workers better off. The "conventional" economic view of a increase in the minimum wage is that, as with most public policies, there are winners (those unskilled workers who keep their jobs and earn more) and losers (those workers who lose their jobs).

What is the "unconventional" view and how does it alter that calculus of gains and losses?

Reference no: EM13998730

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