New York seals deal on $15 minimum fast-food wage"Raising the minimum wage to $15 an hour will add fairness to our economy and bring dignity and respect to 2.2 millionpeople, many of whom have been forced to live in poverty for too long," said Governor Andrew Cuomo. Between 135,000and 200,000 workers will see their hourly wage rise gradually to $15 by the end of 2018 in New York City and by 2021 inthe rest of the state.*8O910pSource: CNNMoney, September 11, 2015AlUSNextbackspace1:14 Read the news clip, then answer the following questions.If the new minimum wage of $15.00 an hour is enforced and the maximum amount of job search takes place, then the higherminimum wagefirms' surplus.workers' surplus andOA. decreases; increasesOB. increases; decreasesOC. increases; increasesOD. decreases; decreasesThe $15 wage does not bring fairness to our economy.esc@2↑➜>>#3с$4%5MOll6

Classification of unemployment: demand deficient, frictional, structural, and voluntary…

Raising the minimum wage to $15 an hour will add fairness to our economy and bring dignity and respect to 2.2 million eople, many of whom have been forced to live in poverty for too long," said Governor Andrew Cuomo. Between 135,000 nd 200,000 workers will see their hourly wage rise gradually to $15 by the end of 2018 in New York City and by 2021 in the rest of the state. Source: CNNMoney, September 11, 2015

Raising the minimum wage to $15 an hour will add fairness to our economy and bring dignity and respect to 2.2 million eople, many of whom have been forced to live in poverty for too long," said Governor Andrew Cuomo. Between 135,000 nd 200,000 workers will see their hourly wage rise gradually to $15 by the end of 2018 in New York City and by 2021 in the rest of the state. Source: CNNMoney, September 11, 2015

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter3: Demand And Supply

Section: Chapter Questions

Problem 46CTQ: Must government policy decisions have winners and losers? What are the effects of raising the...

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