Will it create a surplus or shortage of labor

Reference no: EM13690281

What would be the impact of a minimum wage set above the equilibrium wage on the labor market? Will it create a surplus or shortage of labor? Which sector of the labor market is affected most by this minimum wage? How? Please explain with examples answer all parts of the question and in your own words nothing from the article from the internet?

Reference no: EM13690281

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