Impact of Policy Change on Labor Market Dynamics
A city government passes a law that invalidates all existing and future employment contract clauses that prevent employees from working for a competitor after leaving a job. Explain the most likely effect this new law will have on the wages of low-skilled service workers in the city, and the economic reasoning behind this effect.
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Introduction to Macroeconomics Course
Ch.1 The supply side of the macroeconomy: Unemployment and real wages - The Economy 2.0 Macroeconomics @ CORE Econ
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