n order to improve the living standards of the people in Philippines after the devastating typhoon Haiyan, the government decided to increase the labour wage per hour from AUD 17.50 to AUD 25.00. Also, Philippines experienced structural unemployment and frictional unemployment 2)Use the figure below to examine the effects of the government minimum wage of AUD 25.00 in Philippines

Microeconomics: Private and Public Choice (MindTap Course List)
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In order to improve the living standards of the people in Philippines after the devastating typhoon Haiyan, the government decided to increase the labour wage per hour from AUD 17.50 to AUD 25.00. Also, Philippines experienced structural unemployment and frictional unemployment

2)Use the figure below to examine the effects of the government minimum wage of AUD 25.00 in Philippines

 

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ii. Use the figure below to examine the effects of the govemment minimum
wage of AUD 25.00 in Philippines.
40.00
35.00
30.00
25.00
20.00
15.00
10.00
5.00
10
15
20
25
30
Labor supply (Millions)
lony mo
Transcribed Image Text:ii. Use the figure below to examine the effects of the govemment minimum wage of AUD 25.00 in Philippines. 40.00 35.00 30.00 25.00 20.00 15.00 10.00 5.00 10 15 20 25 30 Labor supply (Millions) lony mo
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