When a minimum wage is imposed, the number of people who lose their job will be less

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When a minimum wage is imposed, the number of people who lose their job will be less than the amount of any unemployment that may be created. Why is this?

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Principles Of Economics

ISBN: 9781292294698

13th Global Edition

Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster

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Question Posted: Feb 23, 2024 01:00 AM

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When a minimum wage is imposed, the number of people who lose their job will be less

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The idea that the imposition of a minimum wage may lead to a decrease in the number of jobs lost compared to the increase in unemployment is rooted in ...View the full answer

Principles Of Economics

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