Economics:
10th Edition
ISBN: 9781285859460
Author: BOYES, William
Publisher: Cengage Learning
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Question
Chapter 19, Problem 2E
To determine
To explain:
The effect of minimum wage over
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How do minimum wages affect wages, employment, and unemployment?
Many cities and states are either raising minimum wage to more than double the national minimum or are considering doing so. Explain the positives of raising the minimum wage and also explain the potential drawbacks, including an explanation of the possible effects on unemployment. Explain.
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