A government, responding to widespread lobbying from low-wage workers, enacts a new law that sets a minimum hourly wage and limits the maximum number of hours an employee can work per week. What is the most direct and immediate consequence of this new law on the relationship between an individual employer and a potential employee?
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Ch.5 The rules of the game: Who gets what and why - The Economy 2.0 Microeconomics @ CORE Econ
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A government, responding to widespread lobbying from low-wage workers, enacts a new law that sets a minimum hourly wage and limits the maximum number of hours an employee can work per week. What is the most direct and immediate consequence of this new law on the relationship between an individual employer and a potential employee?
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