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1- Define and give examples of compensating wage differentials. 2- What is the impact of a minimum...

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Economics

1- Define and give examples ofcompensating wage differentials.

2- What is the impact of a minimum wagelaw on unskilled labor? Give examples

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Answer 1 Compensating wage differential is the relation between wage rate and job risk or undesirable attrIbutes to a particular job This is used for equilizing difference of wages It defines the amount of additional income which is required or must be offered to    See Answer
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