Examlex
If the minimum wage law sets a price floor that is below the equilibrium wage in the unskilled labor market,the minimum wage will create a shortage of unskilled labor.
Job Security
The probability or likelihood that an individual will retain their job without the risk of becoming unemployed.
Risk Losing
The potential or likelihood of experiencing a loss, failure, or negative outcome as a result of taking an action or making a decision.
Need for Social
The need for social refers to the human necessity for companionship, belonging, and acceptance within a group or community.
Avoid Risk-Taking
A behavioral tendency to steer clear of actions or decisions that could lead to negative outcomes or uncertainties.
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