How does a minimum wage law diminish the classical idea of freedom of contract Freedom of contract ?

How does a minimum wage law diminish the classical idea of freedom of contract Freedom of contract ?


Answer: states that you are free to enter into any agreement that you want to. The minimum wage law imposes public standards in privity contract.... it means that although you are free to enter into agreements with any employer. they have rules about their side of the contract public standards are being applied to private agreements.


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