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What happens to the quantity suppied fo labor when governments establish a minimum wage

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rreichert523
rreichert523 rreichert523
  • 07-05-2022

Answer:

Two things happen when the government imposes a minimum wage: The amount of labor hired in the market decreases. In our example, the number of unskilled workers employed decreases from 1,000 to 800.  while those who have jobs earn a higher wage, there are now some individuals who no longer have jobs.

Explanation:

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