Is the minimum wage of $8 an hour efficient? Who gains and who loses from the minimum

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Is the minimum wage of $8 an hour efficient? Who gains and who loses from the minimum wage of $8 an hour? Is it fair? Figure 1 shows the market for tomato pickers in southern California.

Figure 1

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Foundations Of Microeconomics

ISBN: 9780132830881

6th Edition

Authors: Robin Bade, Michael Parkin

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Question Posted: Feb 26, 2024 10:00 AM

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Is the minimum wage of $8 an hour efficient? Who gains and who loses from the minimum

Question:

FIGURE 1 Wage rate (dollars per hour) 10+ 8 6 2 3,000 4,000 S D 5.000 Quantity (pickers)

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The minimum wage of 8 an hour is not efficient because it creates ...View the full answer

Foundations Of Microeconomics

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