Political leaders in Los Angeles are leading a campaign to raise the minimum wage in the city (for all employment in the city) to a higher, “living” wage.

Using supply-and-demand analysis, show the impact on:

a) the skilled labor market in the city.

b) the unskilled, teenage-worker market in the city.

c) the fast-food industry in the city.

Who “wins” and who “loses” if the minimum wage is raised?