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why is minimum wage such a poplar government policy in most countries? use your understanding of supply/demand...

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Economics

whyis minimum wage such a poplar government policy in most countries?use your understanding of supply/demand analysis to explain theadvanatage of the minimum wage and the disadvanatages of theminimum wage. provide a graph to illustrate your answer. be sure touse your graph and the law of supply an demand to answer thequestion, not public opinion

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Minimum wages acts as a price floor in the labor market Minimumwage sets lowest level of wages that must be paid to the workersIt is set above the equilibrium wage level determined by labordemand and    See Answer
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