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Increase in the number of workers looking for jobs

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Reference no: EM132170489

The following are likely effects created by a Minimum Wage Regulation, based on the model presented in class, EXCEPT: 

  1. Increase in the number of workers looking for jobs
  2. Decrease in the number of jobs available. 
  3. It will for sure increase wages received by the lowest skilled workers. 
  4. It will increase the level of Unemployment in the market.

Reference no: EM132170489

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