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Minimum Wage Blog
It is a good to increase the minimum wage to $15 an hour in California?
Minimum Wage Blog Answer
Increasing the minimum wage price to $15 can be both advantageous and disadvantageous to the economic perspective. One of the advantages of increasing it is that it will entice more laborers to enter in the market. These laborers are the supply side, which will be shift the supply curve to the right because of the higher incentive to more due to the increased wage.
This question is taken from Econ 001 – Microeconomics Principles » Sumer 2021 » Discussions