Individual right to contract-for causing higher unemployment

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The federal minimum wage was last updated to $7.25 in 2009. Is this enough money to live on?

According to a new study from the University of California Berkeley Labor Center, federal and state taxes are currently subsidizing the wages of low-wage employees to the tune of 153 billion a year. Is this fair?

Should the law be changed?

Or is it true that the minimum wage should be abolished/lowered for infringing on individuals right to contract and for causing higher unemployment?

Reference no: EM131192596

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