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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

What factors can explain the relatively small effect of low-skilled immigration on the wages of low-skilled workers?

To determine

The factors that show the little effect of low-skilled immigration on the wages of low-skilled workers are to be determined.

Explanation

The low-skilled immigration in the normal course of business is bad for the low skilled workers as due to the low-skilled immigrants, the wages got reduced for the low skilled workers. But the law named the reservation or minimum wage law came into existence so as to decrease the effect of the low-skilled immigrants on the wages of the low-skilled workers.

This minimum wage law provides that the firm should be paying a specified amount as wages to the workers or employees...

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