The City Council of Lincoln, Nebraska has proposed raising the minimum wage in their city up to $12.50 per hour up from the current level of $9.50. They are not sure what to do because they want people to make more money but they also want as many people as possible to have jobs. They are asking you to analyze the situation using the chart below and tell them what you think will happen if they go through with it and actually raise it to $12.50 per hour.

The City Council of Lincoln, Nebraska has proposed raising the minimum wage in their city up to $12.50 per hour up from the current level of $9.50. They are not sure what to do because they want people to make more money but they also want as many people as possible to have jobs. They are asking you to analyze the situation using the chart below and tell them what you think will happen if they go through with it and actually raise it to $12.50 per hour.

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter14: Wages, Unions, And Labor

Section14.3: Effects Of Labor Unions

Problem 2ST

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