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as picture 9. Consider two alternative policies intended to benefit low-skilled workers: imposing a binding minimum wage, or introducing a per-worker subsidy (physically paid to

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9. Consider two alternative policies intended to benefit low-skilled workers: imposing a binding minimum wage, or introducing a per-worker subsidy (physically paid to firms) for employing low-skilled workers. a. How would each policy (individually) affect the wage and employment of low-skilled workers? (Notice that we have adjusted the points to reflect that part (a) is more complex and requires a longer answer than part (b).) b. Suppose each policy would increase the wage of low-skilled workers by the same amount. Which policy would benefit people with low skills more

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