Is the minimum wage of $8 an hour efficient? Who gains and who loses from the minimum
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Is the minimum wage of $8 an hour efficient? Who gains and who loses from the minimum wage of $8 an hour? Is it fair? Figure 1 shows the market for tomato pickers in southern California.
Figure 1
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FIGURE 1 Wage rate (dollars per hour) 10+ 8 6 2 3,000 4,000 S D 5.000 Quantity (pickers)
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The minimum wage of 8 an hour is not efficient because it creates ...View the full answer
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