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Economics Suppose a Government wishes to raise the incomes of the working poor. It suggests the raising of the minimum wage. Use the demand and supply framework to evaluate the effect on the wage for unskilled workers, and the number of workers in employment and on the unemployment register. Discuss how demand and supply elasticities may effect these changes, both in the long-run and short-run. In the light of your discussion, do you believe the policy can be effective in meeting the Government's goal? In October 2002, the Government put forth a new level for the minimum wage: £4.20 per hour for 22 year olds and over and £3.60 for the under 22 year olds. If the Government was to raise this minimum wage it would be to reduce poverty amongst the working poor, but this wouldn't necessarily happen. Other consequences would occur, firms would have to choose whether to employ...

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