The employers’ demand for such workers is fairly inelastic. If the policy goal is to expand employment for low-skilled workers, is it better to focus on policy took to shift the supply of unilled labor or on took to shift the demand for unskilled labor? What if the policy goal is to raise wages for this group? Explain your answers with supply and demand diagrams.
Policy to expand employment to low skill workers Assume you are hired to provide analysis on a public policy situation. You are provided with the following information: • The supply of low-skilled workers is fairly elastic. • The employers’ demand for such workers is fairly inelastic. If the policy goal is to expand employment for […]