Under what conditions might an increase in the
minimum wage not reduce the number of low-wage jobs? How much
of a job loss is acceptable?
can you answer it by typing without graph please short
answer
Under what conditions might an increase in the
minimum wage not reduce the number of low-wage jobs? How much
of a job loss is acceptable?
can you answer this question by typing
please
Is the minimum wage a living wage? Under what
circumstances would a minimum wage be a nonbinding price floor?
Under what circumstances would a living wage be a binding price
floor? Should the government enforce a minimum wage? Should the
government implement a living wage?
Minimum
wage laws are usually defended as a way to reduce poverty among low
skilled workers. Do you think it reduce poverty among
all low skilled workers? Might it increase poverty for
some workers? Explain.
Show graphically how an increase in the minimum wage might
affect unemployment in (i) a perfectly competetive market and (ii)
a labor market characterized by monopsony.
a) Under what conditions might increase in average Incomes Per
Capita not translate into greater human development?
b) Give three specific examples and explain.