Explain how a wage increase in a particular industry affects the welfare generated by that industry

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asked Apr 25, 2018 184k views

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GreatWiz · Answer 1 · 2018-04-29T04:59:03+0000

A wage increase may increase incentives to take jobs, as opposed to methods of transferring funds which are not tied to employment, such as welfare payments for the unemployed.

Explain how a wage increase in a particular industry affects the welfare generated by that industry

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