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If Indiana increases the minimum wage from $7

Economics

If Indiana increases the minimum wage from $7.25 to $7.75, what would be the likely effects on the labor market?

Group of multiple answer choices

 

 

Wages for the lowest-paid workers do not change but employment increases

 

Wages for the lowest-paid workers increase but employment does not change

 

Wages for the lowest-paid workers do not change but employment decreases

 

Wages for the lowest-paid workers increase and employment increases

 

Wages for the lowest-paid workers increase and employment decreases

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