1. Business
  2. Economics
  3. suppose the govenment were to subsidize the wages of all...

Question: suppose the govenment were to subsidize the wages of all...

Question details

Suppose the govenment were to subsidize the wages of all women in the population by paying their employers 50 cents for every hour the worked. What would be the effect on the wage rate women received? What would be the effect on the net wage employers paid? Show this on a graph On a separate graph, consider the labor market for men. Label both axes and show the equilibrium wage and employment levels. Would the subsidy for women affect the labor market for men? Why or why not? If so, show this on your graph

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution