Masanori Hashimotio (1982) found that under the 1967 minimum-wage hike, workers...

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...gained 32 cents in money? income but lost 41 cents per hour in training – a net loss of 9 cents an hour in full-income compensation. Question: Does this make sense? If so, why? If no, why not? Why might workers prefer the 32 cents in money income compared to the 41 cents per hour in “lost” training?
 
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