Many states have raised the minimum wage above the federal minimum. Does this distort the labor markets in that state?
What factors affect language acquisition?
August 5, 2017Analyze the history of changes in GDP, savings, investment, real interest rates, and unemployment and compare to forecast for the next five years.
August 5, 2017Many states have raised the minimum wage above the federal minimum. Does this distort the labor markets in that state?
Discuss:
- Many states have raised the minimum wage above the federal minimum. Does this distort the labor markets in that state?
- Is the federal minimum wage below the equilibrium wage here in New York state?
- Why does government intervene in labor markets?
- If the free market set wages rates, what would the likely outcome in regards to the unemployment rate be exhibited?
Make sure you:
- Introduce your topic.
- Answer the questions.
- Conclude and summarize your thought(s) on the subject.
