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Discussion Forum 8: Labor Markets: (Why) Are Women Paid Less? and The Effects of the Minimum Wage 10 pts The Question: Answer the following questions

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Discussion Forum 8: Labor Markets: (Why) Are Women Paid Less? and The Effects of the Minimum Wage 10 pts The Question: Answer the following questions based on the Readings: (Why) Are Women Paid Less? and The Effects of the Minimum Wage: 1. A recent British study showed that married men earned more than unmarried men, but only if their wives did not have full time jobs. What is a possible explanation for this? Explain. 2. If we want to raise the wages of lower income workers, is there a way to do so without setting the price above equilibrium? (Is there a policy that can allow the labor market to trade at equilibrium and still achieve a higher minimum?)

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