Transcription of The Minimum Wage in Competitive Markets and Markets …
{{id}} {{{paragraph}}}
Example: biology
The Minimum Wage in Competitive Markets and Markets …
Congressional Budget Office Washington, The Minimum Wage in Competitive Markets and Markets With Monopsony Power Supplemental Material for The Effects on Employment and Family Income of Increasing the Federal Minimum Wage December 2019 In this document, the Congressional Budget Office describes circumstances in the labor market under which a Minimum wage causes employment to decrease; it also describes circumstances under which a Minimum wage increases employment and the available evidence on the prevalence of such circumstances. That exposition supplements CBO s analysis in The Effects on Employment and Family Income of Increasing the Federal Minimum Wage (July 2019), 1 In The Effects on Employment and Family Income of Increasing the Federal Minimum Wage, t he Congressional Budget Office examined how increasing the federal Minimum wage from $ per hour for most workers by 2025 would affect employment and family According to CBO s median estimate, raising the Minimum wage to $15 per hour would cause million workers who would otherwise be employed to be jobless in an average week in 2025.
Effects on Employment and Family Income of Increasing the Federal Minimum Wage. December 2019 . ... marginal revenue product—that is, the revenue an additional worker would generate for the business. If the minimum wage forces the employer to …
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: