PowerPoint Presentationjmarchan/ECON-431-531-2020... · 2020-02-10 · FIGURE 2.8. Minimum Wage and...
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Transcript of PowerPoint Presentationjmarchan/ECON-431-531-2020... · 2020-02-10 · FIGURE 2.8. Minimum Wage and...
unemployed
vacancies
workers
firms
Borjas Fig 3-17 Wage and Employment Determination in a Competitive Market
workers
firms
Borjas Fig 4-1 Equilibrium in a Competitive Labor Market
ES
WS
ES
Employment of Individuals Aged 25 and Over
Employment of Individuals Aged 15 to 24 Years Old
Employment in Urban Areas (Calgary and Edmonton)
Employment in Non-Urban Areas (Other Five Alberta Regions)
Employment in the $11.20 to $13.60 Wage Bin
Borjas Fig 4-9 Impact of a Mandated Benefit
value < cost value = cost
A B
C
Borjas Fig 4-19 The Hiring Decision of a Nondiscriminating Monopsonist
Borjas Fig 4-20 Impact of the Minimum Wage on a Nondiscriminating Monopsonist