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Changes in the minimum wage law and the power of the unions are very important to...

Changes in the minimum wage law and the power of the unions are very important to explain trends in income inequality.

True

False

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Answer #1

The given statement is true and this is because of the fact that if there is a minimum wage then the people will be employed less due to the fixed budget of the companies and higher wages and similar to that of union subah can for higher wages as a result of which the employment also reduces presence of unions and if the employment levels reduce only people who are employed at higher wages will receive my income and the others will have low income as a result of which the inequality between them increases. and if the union or minimum wage don't exist what happens is that more people will we get less wage and this makes any quality less and that is the reason why

(a) True is the answer to this question

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