Find minimum wage on the quantity of labour employed

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Reference no: EM132114484

Question: Malaysia Passes Its First Minimum Wage Law About 3.2 million low-income workers across Malaysia are expected to benefit from the country's fi rst minimum wage, which the government says will transform Malaysia into a high-income nation. Employer groups argue that paying the minimum wage, which is not based on productivity or performance, would raise their costs and reduce business profi ts.

On a graph of the market for low-skilled labour, show the effect of the minimum wage on the quantity of labour employed.

Reference no: EM132114484

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