Changes

If there were no mimimum wage law or unions in the United States, employers would be paying laborers what they are paid in Indonesia.[[User:Panini|Panini]] 18:36, 23 July 2007 (EDT)

If there were no mimimum wage law or unions in the United States, employers would be paying laborers what they are paid in Indonesia.[[User:Panini|Panini]] 18:36, 23 July 2007 (EDT)

That's not actually true. American hiring firms are willing to pay higher wages (shifting demand curve to the right), and American laborers are less willing to work at wages that Indonesians pay (shifting supply curve to the left). If you graph this, this creates an upward shift in wages.

That's not actually true. American hiring firms are willing to pay higher wages (shifting demand curve to the right), and American laborers are less willing to work at wages that Indonesians pay (shifting supply curve to the left). If you graph this, this creates an upward shift in wages.--[[User:Pmcburn1|Pmcburn1]] 10:59, 10 January 2010 (EST)

==Equilibrium Point==

==Equilibrium Point==