A teen subminimum training wage law allows employers to pay teenagers less than the minimum wage. a.
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A teen subminimum training wage law allows employers to pay teenagers less than the minimum wage.
a. What effect would you predict this law has, based on standard economic theory?
b. In analyzing the effects of the law, Professors Michael Card and Alan Kreuger of Princeton University found that few businesses used it and that it had little effect.
Why might that have been the case?
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a Based on standard economic theory implementing a teen subminimum training wage law would likely le...View the full answer
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