Answer to Question #68551 in Microeconomics for usman

Question #68551
Explain why labor union leaders are strong advocates of raising the minimum wage above equilibrium wage?
1
Expert's answer
2017-05-30T10:00:10-0400
1. Many union wage agreements are based on tiering above the minimum wage.
2. It reduces the price level competition between skilled and unskilled labor.
Source: https://answers.yahoo.com/question/index?qid=20110720133705AA0GnMc

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