Macroeconomic Monitor

2015.08.06

The indirect economic effects of the minimum wage

MRL, effects, labor market,

In the first part of this series, we looked at what economic theory can tell us about the potential effects of the minimum wage and its increases on employment in those sectors of the economy where the least skilled (or inexperienced) workers work; i.e. the sectors that are directly affected by it. As we saw, if, …

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