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What best explains the level of wages in the US doesn't follow pure free-market principles?
Wiki User
∙ 7y ago
The federal government and some local governments have imposed minimum wage laws that set the floor for some jobs above what they would get in a free-market under the theory that without those laws the wages would be lower if set by the free-market. Immigration laws also influence wage levels since there are limitations on where labor can come from and two different wage levels depending on whether the workers are legal or illegal rather than a single wage level that would be present in a pure free-market.
Wiki User
∙ 7y ago
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Which of the following best explains why the level of wages in the US doesn't follow pure free market principles?
government regulation require employers to pay a minimum wage
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