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https://econofact.org/what-does-the-seattle-experience-teach-us-about-minimum-wages Question 3 of 4 20 18 16 14 0 12 Stacked 10 12 14 16 Number of workers employed in thousands 18 PS with

https://econofact.org/what-does-the-seattle-experience-teach-us-about-minimum-wages

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Question 3 of 4 20 18 16 14 0 12 Stacked 10 12 14 16 Number of workers employed in thousands 18 PS with noMW u PS withMW 20 b. Now shade the area representing the initial producer surplus, i.e., with no minimum wage (PS with no MW). Then shade the area representing the producer surplus with the minimum wage (PS with MW). The surplus accruing to labor before imposition of the minimum wage is , that accruing to labor after imposition of the minimum wage is If one's sole concern is with the overall welfare of workers, where welfare is measured in income, a rise in the minimum wage could regarded as benefiial.

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