A teen subminimum training wage law allows employers to pay teenagers less than the minimum wage. a.

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A teen subminimum training wage law allows employers to pay teenagers less than the minimum wage.

a. What effect would you predict this law has, based on standard economic theory?

b. In analyzing the effects of the law, Professors Michael Card and Alan Kreuger of Princeton University found that few businesses used it and that it had little effect.
Why might that have been the case?

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Microeconomics

ISBN: 9781260507140

11th Edition

Authors: David Colander

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Question Posted: Mar 14, 2024 04:00 AM

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A teen subminimum training wage law allows employers to pay teenagers less than the minimum wage. a.

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Microeconomics

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