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Increase in the minimum wage increase the demand

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Reference no: EM131675358

a) Why do unions support minimum wages and how does an increase in the minimum wage increase the demand (not necessarily wages) for union labor? Explain with economic reasoning only.

b) Briefly discuss the tools unions use to increase the demand for union labor and their relative effectiveness in a an economy that is experiencing an economic boom.

Reference no: EM131675358

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