New York seals deal on $15 minimum fast-food wage "Raising the minimum wage to $15 an hour will add fairness to our economy and bring dignity and respect to 2.2 million people, many of whom have been forced to live in poverty for too long," said Governor Andrew Cuomo. Between 135,000 and 200,000 workers will see their hourly wage rise gradually to $15 by the end of 2018 in New York City and by 2021 in the rest of the state. Source: CNNMoney, September 11, 2015 mpts
New York seals deal on $15 minimum fast-food wage "Raising the minimum wage to $15 an hour will add fairness to our economy and bring dignity and respect to 2.2 million people, many of whom have been forced to live in poverty for too long," said Governor Andrew Cuomo. Between 135,000 and 200,000 workers will see their hourly wage rise gradually to $15 by the end of 2018 in New York City and by 2021 in the rest of the state. Source: CNNMoney, September 11, 2015 mpts
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter4: Labor And Financial Markets
Section: Chapter Questions
Problem 30P: Predict how each of the following economic changes will affect the equilibrium price and quantity in...
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