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Subsistence Wage Assignment | Homework For You

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December 18th, 2019

(The money that workers receive as wage is a purchasing power; with the money workers can claim their right for goods to consume.) In capitalist system, the wage is a subsistence wage; and the level of subsistence wage is subject to the norms of the society. The capitalist has an incentive to lower the norm of the subsistence wage. But what will happen if it is too low? Get Economics homework help todayHomework For You

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