Microeconomics: Principles, Problems, & Policies, 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0077660811
ISBN 13: 978-0-07766-081-9

Chapter 15 - Wage Determination - Discussion Questions: 7

Answer

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Work Step by Step

The reason that these people often make minimum wage is that there are a low number of skills that people need to know to do the jobs. Thus, while the job may not be easy per se, it is not hard to teach someone to do it, making the wages low as there is a large supply of potential workers.
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