Question: 4. It has been argued that the minimum wage prevents workers from investing in on-the-job training and discourages employers from providing training to low-income workers.


4. It has been argued that the minimum wage prevents workers from investing in on-the-job training and discourages employers from providing training to low-income workers. Why would the minimum wage have an adverse impact on human capital accumulation for low-income workers? Explain in words
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