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Suppose a government wishes to raise incomes of the working poor. It suggests the raising of the minimum wage.
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"Suppose a government wishes to raise 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 numbers of workers in employment and the numbers 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 discussions, do you believe the policy can be effective in meeting the Government's goal?" The constant invention and implementation of labour-saving technology is the principal reason why demand for certain types of labour is constantly reducing (Parkin, 1995). The main type of labour that suffers is unskilled work. This includes such jobs as cleaning, security or factory work. As there are simply less jobs available for unskilled labourers, increasing numbers turn to the unemployment register...
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