Assume that the supply of low-skilled workers is fairly elastic, but the employers’ demand for such workers is fairly in elastic.If the policy goal is to expand employmentforlow-skilledworkers,is it better to focus on policy tools to shift the supply of unskilled labor or on tools to shift the demand for unskilled labor?Whatif the policy goal is to raise wages for this group? Explain your answers with supply and demand diagrams.
Assume that the supply of low-skilled workers is fairly elastic, but the employers’ demand for such workers is fairly in elastic.If the policy goal is to expand employmentforlow-skilledworkers,is it better to focus on policy tools to shift the supply of unskilled labor or on tools to shift the demand for unskilled labor?Whatif the policy goal is to raise wages for this group? Explain your answers with supply and demand diagrams.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Assume that the supply of low-skilled workers is fairly elastic, but the employers’
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