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Minimum wage policy. (English)
Math. Gaz. 76, No. 477, 362-365 (1992).
A recent political argument centred on the effect of a wage policy where the minimum wage is set as a certain percentage of the mean wage. This leads to an infinite spiral which is shown to converge, provided the percentage is below 100\%. The effect of such a policy on several distributions is explored.
Classification: K60
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