What if the policy goal is to raise wages for this group

Reference no: EM131038541

Assume that the supply of low-skilled workers is fairly elastic, but the employers' demand for such workers is fairly inelastic. If the policy goal is to expand employment for low-skilled workers, is it better to focus on policy tools to shift the supply of unskilled labor or on tools to shift the demand for unskilled labor? What if the policy goal is to raise wages for this group?

Explain your answers in approximately 1,000 words with supply and demand diagrams.
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Reference no: EM131038541

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