Minimum-wage laws a.        create unemployment.         b.       do not apply in states with right-to-work laws.            c.        affect highly-educated workers more than high school dropouts.       d.       cause labor shortages, which further raise wages above equilibrium.

Principles of Economics 2e
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Chapter21: Unemployment
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Problem 46P: A government passes a family-friendly law that no companies can have evening, nighttime, or weekend...
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Minimum-wage laws

a.        create unemployment.        

b.       do not apply in states with right-to-work laws.           

c.        affect highly-educated workers more than high school dropouts.      

d.       cause labor shortages, which further raise wages above equilibrium.

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