- *Suppose Congress were to pass legislation requiring that businesses employing workers with three or more children pay these employees at least $20 per hour. How would this legislation affect the employment level of low-skilled workers with three or more children? Do you think some workers with large families might attempt to conceal the fact? Why?
- *Suppose Congress were to pass legislation requiring that businesses employing workers with three or more children pay these employees at least $20 per hour. How would this legislation affect the employment level of low-skilled workers with three or more children? Do you think some workers with large families might attempt to conceal the fact? Why?
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter4: Labor And Financial Markets
Section: Chapter Questions
Problem 22CTQ: Suppose that a 5 increase in the minimum wag causes a 5 reduction in employment. How would this...
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