Economists expect that with a government imposed minimum wage, if set above the competitive labor market equilibrium wage and all else remains equal, would tend to

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    decrease the earnings of those workers who remain employed, and reduce the number of workers seeking employment.
     increase employment and earnings, as more people want to work at the higher wage.
     increase the earnings of those workers who remain employed, and reduce the number of workers seeking employment.
     increase the earnings of those workers who remain employed, and increase unemployment.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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increase the earnings of those workers who remain employed, and increase unemployment.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)

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