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Increase in the real value of the minimum wage

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Reference no: EM132001336

What effect will each of the following have on wage inequality in the economy of a certain country?

a. An increase in the real value of the minimum wage.

b. A decrease in unionization rates among college educated workers.

c. A reduction in the number of illegal immigrants, assuming that illegal immigrants have relatively low skills compared to citizens of the receiving country.

Reference no: EM132001336

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