ENTREPRENEURSHIP

Detailed explanation-1: -With a surplus of unskilled workers, there is no economic incentive to stop this bigoted employer from indulging his prejudices. Minimum-wage legislation creates an excess supply of unskilled labor and gives the buyers of unskilled labor an unfair bargaining advantage over the sellers of unskilled labor.

Detailed explanation-2: -People provide their labor to businesses in exchange for wages, and they trade their unpaid leisure time for paid work time to make a living and to be able to purchase goods and services. Businesses, in turn, use this labor to produce goods and services demanded by consumers.