Figure 1 shows the market for tomato pickers in southern California. 1. If California introduces a minimum
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Figure 1 shows the market for tomato pickers in southern California.
1. If California introduces a minimum wage of $4 an hour, how many tomato pickers are employed and how many are unemployed?
2. If California introduces a minimum wage of $8 an hour, how many tomato pickers are employed and how many are unemployed? What is the lowest wage that some workers might be able to earn if a black market develops?
3. If California introduces a minimum wage of $8 an hour, (a) is the minimum wage of $8 an hour efficient? (b) Who gains and who loses from the minimum wage of $8 an hour? Is it fair?
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