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Paul Krugman Quotes: So what are the effects of increasing minimum wages? Any Econ 101 student can tell you the answer: The higher wage reduces the quantity of labor demanded, and hence leads to unemployment.
         

So what are the effects of increasing minimum wages? Any Econ 101 student can tell you the answer: The higher wage reduces the quantity of labor demanded, and hence leads to unemployment.


Paul Krugman
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This page presents the quote "So what are the effects of increasing minimum wages? Any Econ 101 student can tell you the answer: The higher wage reduces the quantity of labor demanded, and hence leads to unemployment.". Author of this quote is Paul Krugman. This quote is about minimum wage, labor, minimum, unemployment, higher, quantity, wages, effects,.