Description Does raising the minimum wage reduce employment, that is, does it increase job loss? Who benefits the most from an increase in the minimum wage? What effect might your answers have on the normative analysis of the minimum wage?

Description Does raising the minimum wage reduce employment, that is, does it increase job loss? Who benefits the most from an increase in the minimum wage? What effect might your answers have on the normative analysis of the minimum wage?

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter16: The Markets For Labor, Capital, And Land

Section: Chapter Questions

Problem 5P

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Description
Does raising the minimum wage reduce
employment, that is, does it increase job loss? Who
benefits the most from an increase in the minimum
wage? What effect might your answers have on the
normative analysis of the minimum wage?

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