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The state government is considering raising the minimum wage from 15$ per hour over the next 3 years. As an economic advisor to the governor, you have been asked to provide a recommendation

Finance Economics

The state government is considering raising the minimum wage from 15$ per hour over the next 3 years. As an economic advisor to the governor, you have been asked to provide a recommendation on whether the minimum wage should be increased based on economic theory. Consider the labor market provided.?

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