The Minimum Wage Reconsidered.

by Duran Bell

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The effect of the minimum wage on wage rates and employment is not nearly so simple as most persons assume; the likelihood of an "adverse employment effect" is reduced by the fact of incomplete coverage; and the presumption of a negative relationship between the price of labor and the demand for its services need not be correct in the case of a multivariable production process. 13 pp.

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