Why an increase in minimum wage would not lead

Reference no: EM133336628

Question: Can you think of few reasons why an increase in minimum wage would not lead to an increase in unemployment (besides the arguments you made under monopsony)? Can you think of few reasons that the unemployment would go up, even if the minimum wage stays the same? How do the answers to these questions impact the reliability of empirical data?

Reference no: EM133336628

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