''Irrespective of the structure of the labour market, economic theory predicts that the imposition of a...

''Irrespective of the structure of the labour market, economic theory predicts that the imposition of a minimum wage above the otherwise prevailing wage unambiguously reduces employment”.

Discuss the validity of the above statement both on the basis of economic theory and in light of the existing empirical evidence

Expert Solution

Rahul Sunny answered 6 months ago

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