Advocates of the minimum wage admit that it has some adverse effects, but they believe that these effects are small and that a higher minimum wage makes the poor better off.
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Q84: The minimum wage is more often binding
Q85: If the equilibrium wage is $4 per
Q86: When policymakers set prices by legal decree,
Q87: Rent subsidies and wage subsidies are better
Q88: A binding minimum wage creates a surplus
Q90: Price controls often hurt those they are
Q91: A price ceiling is always a binding
Q92: A binding minimum wage creates a shortage
Q93: The minimum wage has its greatest impact
Q94: Minimum-wage laws are precise policy instruments that
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