On a graph of the market for low-skilled labor, show the effect of the minimum wage on the quantity of labor employed.

Use the following news clip to work Problems.

European Commission to Launch Consultations on First E.U. Minimum Wage “Europe’s economy must provide people with quality jobs that pay an adequate wage,” said Commissioner for Jobs and Social Rights Nicolas Schmit. Six of the Euro members—Italy, Cyprus, Austria, Denmark, Finland, and Sweden—do not have a national minimum wage.