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Suppose that Auburn begins a new living wage that paid all retail workers in the city $18 per hour, while the going wage in neighboring Roseville for retail workers was $8 per hour . If the odds of getting a job as a retail worker in Auburn are 40%, then would you expect retail worker wages in Roseville to rise or to fall as a result of the living wage in Auburn?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9495067

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