President barack obamas quest to raise the federal minimum, Ask an Expert

Economics

President Barack Obama's quest to raise the federal minimum wage to $10.10 an hour would eliminate about 500,000 jobs by 2016 but increase pay for millions of American's and lift nearly a million out of poverty, a Congressional Budget Office report found. Analyze the labor market with a minimum wage of $10.10 per hour. Show the shift of supply and/or demand curves and explain why the curve(s) shifted.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91705612

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