Minimum wage and price floors | Microeconomics | Khan Academy
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YouTubeKhan Academy
Minimum wage and price floors | Microeconomics | Khan Academy
Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—now: https://www.khanacademy.org/economics-finance-domain/ap-microeconomics/unit-2-supply-and-demnd/28/v/minimum-wage-and-price-floors How a minimum wage might effect the labor market Watch the next lesson: https://www.khanacademy.org/economics-finance ...
386.5K viewsJan 10, 2012
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Labor Markets and Minimum Wage: Crash Course Economics #28
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Income inequality in the United States. Thousands of Americans work for minimum wage and, yet, they do not fall below the poverty line. Australia, however, has a minimum wage that is almost 3 times out of the United States and, yet, has higher poverty rates. But that’s because really in the United States use different rules to calculate poverty. People like @R@ReCon2Recoveryse these numbers and say that the United States has less poverty than Australia. This is not true. #eq#equalityi#minimumwag
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