6. *Analyze the impact of an increase in the minimum wage from the current level to $10...

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6. *Analyze the impact of an increase in the minimum wage from the current level to $10 per hour. How would the following be affected?

a. employment of people previously earning less than $10 per hour

b. the unemployment rate of teenagers

c. the availability of on-the-job training for low-skilled workers

d. the demand for high-skilled workers who are good substitutes for low-skilled workers

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Macroeconomics Private And Public Choice

ISBN: 9781111970628

14th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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