Prepare an essay on "Minimum wages are likely to harm those they are designed to help". Under what circumstances could this claim be correct. What light has the empirical analysis of the effects of minimum wages cast on this issue?
Course textbook:GB. Borjas, G. JLabor Economics Chapter3
Fallon, P., and Verry, D. The Economics of Labour Markets (Philip Allan, 1988).Chapters 3 and 4