In this lecture I first give an explanation for invidious preferences based on the (evolutionary) competition for resources. Then I show that these preferences have wide ranging and empirically relevant effects on labor markets, such as: workplace skill segregation, gradual promotions, wage...

1. Introduction and Overview -- 2. Evolution and Effects Assessment of China’s Minimum Wage Policy -- 3. Minimum Wages in China: Standard and Implication -- 4. Minimum Wages and Employment in China -- 5. Impacts of Minimum Wages on Gender Wage Gaps in Urban China -- 6. The Impact of Minimum...