Low-skill workers be helped by the minimum wage law

Reference no: EM13686663

Presume that in an effort to help low-skill workers the government raises the permissible minimum wage to $15 per hour. Can you think of any unintended secondary effects that will result from this action? Will all low-skill workers be helped by the minimum wage law?

Reference no: EM13686663

Questions Cloud

Expected to grow indefinitely at constant annual rate : A firm's current profits are $1,100,000. These profits are expected to grow indefinitely at a constant annual rate of 2 %. If the firm's opportunity cost of funds is 4.5 %, decide the value of the firm: The instant after it pays out current profits a..

Define positive economic statements : Which of the following define positive economic statements and which are normative?

Describe organization basic legal environment : Need an essay paper written describe organization basic legal environment

According to the basic principle of economics : In recent years, the child tax credit has been increased in the united state. According to the basic principle of economics, how will the birth rate be affected by polices that reduce the taxes imposed on those with children?

Low-skill workers be helped by the minimum wage law : Presume that in an effort to help low-skill workers the government raises the permissible minimum wage to $15 per hour. Can you think of any unintended secondary effects that will result from this action? Will all low-skill workers be helped by the m..

What degree does minimum wage create unemployment : To what degree does the economy experience unemployment at full employment? To what degree does minimum wage create unemployment?

What is the present worth of a two-part legal settlement : What is the present worth of a two-part legal settlement if the interest rate is 4 percent? $100,000 is received at the end of year 1, and $400,000 at the end of year 5?

How many pounds of potatoes will she purchase : Potatoes cost Janice $0.50 per pound and she has $6.00 that she could possibly spend on potatoes or other items. Presume she feels that the first pound of potatoes is worth $1.50, the second pound is worth $1.14, the third pound is worth $1.05, and a..

Demand for goods and services : Demand for goods and services (feed stocks) that go into final products (such as milk into ice cream) is

User Account

All Pages