POSITIVE EFFECTS OF A MINIMUM WAGE IN A MARKET ECONOMY
Results into increased savings and investment by workers. Helps workers to meet the increasing cost of living. Promotes equity in income distribution when rationally implemented. Helps fight malpractices like corruption and moon lighting. Leads to increased government popularity. Leads to increased demand for goods due to increased incomes. Protects workers from exploitation by employers. Leads to increased efficiency of the workers. Leads to increased labour supply or reduced voluntary unemployment . Leads to reduced brain drain. Minimises labour unrest thus promoting industrial peace. Promotes mobility of labour. Leads to increased revenue to government through taxation. RELATED POSTS COMPARISON BETWEEN FISHING IN KENYA AND JAPAN THE CONCEPT OF ENVIRONMENT, COMPONENTS OF ENVIRONMENT AND THE PROBLEM FACING ENVIRONMENT Five (5) Advantages of questionnaire as data collection tool in research 5 DISADVANTAGES OF ROAD TRANSPORT 10 FACTORS THAT AFFECT OCEAN SALINITY CAUSES AND EFFE...