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Draw a diagram workers who work more 27hrs a week must be paid minimum of R13.69 hr. Workers who work fewer then 27hrs per week
Draw a diagram
workers who work more 27hrs a week must be paid minimum of R13.69 hr. Workers who work fewer then 27hrs per week must be paid minimum of R16.03 per hr This will mean a domestic worker who works 45hrs per week will now earn a minimum of R2669.34
With aid of diagram , discuss effect of this new minimum wage is (1) below the equilibrium wage (2) above equilibrium wage rate with labour hours as your Quantity Variable
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