Macroeconomics 5: Car Parts, Celery & The Labor Market
Planet Money Summer School
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The Minimum Wage in South Africa
In south africa, we have about 35, forty % unemployment at any one time. O so in that country, there's a clear example of a place where a raising the minimum wage does cause enormous unemployment. In the united states, most empirical st s show that the effect is much, much smaller and in some places, even the reverse. Why is that so? There are a number of reasons.
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