Macroeconomics 14th Edition by William Baumol,Alan Blinder,John Solow

Exercise 6

*Analyze the impact of an increase in the minimum wage from the current level to $10 per hour. How would the following be affected?
a. employment of people previously earning less than $10 per hour
b. the unemployment rate of teenagers
c. the availability of on-the-job training for lowskilled workers
d. the demand for high-skilled workers who are good substitutes for low-skilled workers