Final answer:
Increasing the minimum wage to $8.00 from $6.00 can make the positions more attractive, potentially increasing the supply of workers.
The effect depends on the new wage's relation to the market's equilibrium wage. A significant increase above equilibrium might lead to a decrease in demand for labor from employers.
Step-by-step explanation:
The implantation of a minimum wage of $8.00 rather than $6.00 is likely to affect the supply of workers in the job market. When the minimum wage increases, it can make the job more attractive to workers because they will be receiving higher pay for their work.
This could lead to an increase in the supply of workers, as more individuals may be willing to work for the higher wage.
However, it's important to consider the equilibrium wage in the market. If the new minimum wage is set above the equilibrium wage for low-skill labor, it can lead to an excess of labor supply, meaning more people are willing to work than there are jobs available.
Conversely, if the new minimum wage is still below the equilibrium, then the increase might not create a significant excess supply of labor, although it might still draw more workers into the marketplace.
It should also be noted that setting a minimum wage significantly higher than the equilibrium could reduce the quantity demanded of employment.
Employers may not be willing or able to pay the increased wages to all their workers, which could result in a reduction of employment opportunities.