Unions top that list. A higher minimum wage increases the demand - TopicsExpress



          

Unions top that list. A higher minimum wage increases the demand for union workers by reducing competition from lower-skilled workers. For instance, if the minimum wage was $8 and the union wage was $40, employers give up 5 hours of low-skilled work for every union worker-hour utilized. But increasing the minimum to $10 means employers give up 4 hours of low-skilled work for every union worker hour. mises.org/daily/6665/How-SpecialInterest-Groups-Benefit-from-Minimum-Wage-Laws
Posted on: Sat, 15 Feb 2014 14:02:13 +0000

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