Law-Forums.org

[chavivi]

1. How would mandatory tertiary education or increased government expenditures on job training programs affect the market for high-skilled labor? Keep in mind that technological improvement is driving the demand for high-skilled labor higher.

2. Are minimum wage workers the only people affected by minimum wage increases? Suppose unions and other workers care about how much they earn relative to the minimum wage. Does this change the impact of increasing the minimum wage?

3. How does the minimum wage law present a trade-off between economic efficiency and social equity?