The key driver of wages and incomes is the government.

Name: The key driver of wages and incomes is the government.
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Question

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While the government may have some influence over wages and incomes through policies such as minimum wage laws and tax policies, ultimately wages and incomes are determined by the market forces of supply and demand. Businesses and individuals make their own decisions on how much to pay or charge for goods and services based on their goals, competition, and economic conditions.

The Key Driver of Wages and Incomes Is the Government