You will need to analyze three aspects, 1. the low skilled labor market (the minimum wage is a price floor – see Arnold chapt 4), 2.
The post Minimum Wage first appeared on COMPLIANT PAPERS.
You will need to analyze three aspects, 1. the low skilled labor market (the minimum wage is a price floor – see
Arnold chapt 4), 2. the product markets where low-skilled labor is a substantial input (fast food and most retail
are examples), and 3. the long-run capital to labor substitution (think of kiosks and robot hamburgers flippers).
The post Minimum Wage first appeared on COMPLIANT PAPERS.
