Marketplace is characterized by sticky wages

Reference no: EM1336353

Sticky wages

Consider a proposal requiring all employers to provide each worker with health insurance. if a proposal would require all employers to give each worker health insurance, and as a result employeers costs increased by 5,000 and workers value these benefits by 15,000. therefore there will be lower monetary wages, firms will pay less total compensation, and employeement will rise - however what will happen if the market is characterized by sticky wages?

Reference no: EM1336353

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