Monday, May 28, 2007

Unit 2: Rise in US minimum wage

The minimum wage in the USA is set to rise

http://news.bbc.co.uk/1/hi/business/6690253.stm

a) Draw a diagram to show the effect of this on the US labour markets
b) Explain what the diagram shows is likely to happen as a result
c) To what extent is this likely to actually happen?

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