Some Seattle restaurants struggle with $15 minimum wage 5 years later Seattle voted to raise the minimum

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Some Seattle restaurants struggle with $15 minimum wage 5 years later Seattle voted to raise the minimum wage to $15 an hour nearly five years ago. It radically changed the way restaurants do business. Whether that is good or bad depends on who’s talking.

Explain the effects of the $15 minimum wage on the workers’ surplus and the firms’ surplus.

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Foundations Of Economics

ISBN: 9780135897478

9th Edition

Authors: Robin Bade, Michael Parkin

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