Analyze the impact of an increase in the minimum wage

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Reference no: EM131778232

Question: Analyze the impact of an increase in the minimum wage from the current level to $15 per hour. How would the following be affected?

a. employment of people previously earning less than $15 per hour

b. the unemployment rate of teenagers

c. the availability of on-the-job training for low-skilled workers

d. the demand for high-skilled workers who are good substitutes for low-skilled workers

Reference no: EM131778232

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