Which of the following is a positive question? Wouldn't it be better to try to increase people's wages through job-training programs rather than by requiring employers to pay minimum wages? Wouldn't it be more equitable if the minimum wage increased automatically with the cost of living? Should the minimum wage be set at one-half the average manufacturing wage to guarantee individuals a decent standard of living? Will the level of teenage unemployment increase if the minimum wage is increased?

Which of the following is a positive question? Wouldn't it be better to try to increase people's wages through job-training programs rather than by requiring employers to pay minimum wages? Wouldn't it be more equitable if the minimum wage increased automatically with the cost of living? Should the minimum wage be set at one-half the average manufacturing wage to guarantee individuals a decent standard of living? Will the level of teenage unemployment increase if the minimum wage is increased?

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 4P

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