Comparable worth laws require employers to pay the same wage scale to workers who do comparable work or have comparable training. What likely effect would these laws have on the labor market? A teen...

Comparable worth laws require employers to pay the same wage scale to workers who do comparable work or have comparable training. What likely effect would these laws have on the labor market? A teen subminimum training wage law allows employers to pay teenagers less than the minimum wage. a. What effect would you predict this law has, based on standard economic theory? b. In analyzing the effects of the law, Professors Michael Card and Alan Kreuger of Princeton University found that few businesses used it and that it had little effect. Why might that have been the case?

May 18, 2022
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