Section Page Introduction 3 1 Economic efficiency of minimum wages 3 - 4 2 The effect on unemployment 4 3 The effect on use and price of capital in production 4 4 The effect on equal of production and inflation 4 5 The effect on productivity 4 6 The effect on transnational competitiveness 4 7 The consequence for long-term sustainable economic growth and stability 4 - 5 8 The social consequence 5 9 Wage bill 5 10 Suggestions on dealing with unemployment 5 11 Literature consulted 5 Introduction Minimum wage economic system was introduced in other countries as far back as 1894 in New Zealand followed by Australia in 1896, United solid ground in 1909 and North America in 1912 (WordIQ (Online), http://www.wordiq.com/ translation/Minimum_wage expansive 10); common to all of these introd...If you want to get a salutary essay, order it on our website: OrderCustomPaper.com
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