Analyze the impact of an increase in the minimum wage


Problem

Analyze the impact of an increase in the minimum wage from the current level to $ 10 per hour. How would the following be affected?

a. Employment of people previously earning less than $10 per hour

b. The unemployment rate of teenagers

c. The availability of on-the-job training for lowskilled workers

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

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Analyze the impact of an increase in the minimum wage
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