What is lower wage rate for skilled than unskilled worker
The solution to Minimum Wage
If the minimum wage is set above the equilibrium wage, does this create a shortage or a surplus of labor, or does it create a lower wage rate for skilled workers than for unskilled workers?
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If the minimum wage is set above the equilibrium wage, does this create a shortage or a surplus of labor, or does it create a lower wage rate for skilled workers than for unskilled workers.
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