Question: Assume that a minimum wage law is passed that doesn't affect the market in high-wage Sector A but increases wages in Sector B, the covered

Assume that a minimum wage law is passed that doesn't affect the market in high-wage Sector A but increases wages in Sector B, the covered sector, to $7 per hour, while reducing employment in Sector B to 20. Displaced workers in Sector B move into the uncovered Sector C, where wages fall to $4.50 per hour as employment increases to 30. Has wage inequality risen or fallen? Explain.

5. (20 points) Assume that the wage distribution for a small town is given in the table below: m # of Workers Wage Rate 25 $5 per hour 25 $5 per hour Assume that a minimum wage law is passed that doesn't affect the market in high-wage Sector A but increases wages in Sector B, the covered sector, to $7 per hour, while reducing employment in Sector B to 20. Displaced workers in Sector B move into the uncovered Sector C, where wages fall to $4.50 per hour as employment increases to 30. Has wage inequality risen or fallen? Explain

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Do not take criticism personally, even if it is meant to be personal.

2. To understand that as a general rule it takes about 3 minutes before the other part(s) have made up a 90% impression of you.

3. To understand that the first impression means a lot, and it takes a lot of energy to change this first impression.