Assertion: minimum wage | /r/CapableOf | increase employment
Facets:
value: under the monopsonistic assumption
type: OTHER
value: with being equal
type: OTHER
Source sentences:
text: Modern economics suggests that a moderate minimum wage may increase employment as labor markets are monopsonistic and workers lack bargaining power
text: Modern economic theory predicts that although an excessive minimum wage may raise unemployment as it fixes a price above most demand for labor, a minimum wage at a more reasonable level can increase employment, and enhance growth and efficiency.
text: Under the monopsonistic assumption, an appropriately set minimum wage could increase both wages and employment, with the optimal level being equal to the marginal product of labor.