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Minimum wage incentivises unproductivity - Coggle Diagram
Minimum wage incentivises unproductivity
World
Western
Productive
Minimum wage laws
8% minimum law
Preserves human capital
Stability
Fair socio-economic life
Eastern
Capital migration
Small minimum wage
Less productive
De Fraja
At minimum wage
bunched together
No exogenous conditions
Worsening conditions
Above
Higher because minimum
No change
Positive relation wage-productivity
Productivity
Through tolerance
higher salary