Answer question Essay Example | Topics and Well Written Essays - 250 words - 13

Answer question - Essay ExampleFor the cogitation to have reliable findings, the authors provided allowances for other sources of variation in employment including differences across the chains. To get such variation, the master(prenominal) equations used were as indicated below.The study found that 18 percent increase in the New tee shirt token(prenominal) wage was predicted to reduce employment at fast nutritions outlets by 0.4-1.0 employees per store (David and Alan, 1994). Secondly, the study revealed that in time in local areas, employment rose faster at the stores that increased wages due to the minimum wage. Thirdly, the paper found that relative price changes played a role within the fast food industry as the result of raising the minimum wage.One of the aspects that make this study to have tabulator intuitive result is that when minimum wage is raised, low skill workers retain their jobs. Additionally, it is one of the ways of attaining marginal standard of living.Dav id, C and Alan, K. (1994). Minimum Wages and Employment A Case Study of the Fat-Food Industry in New Jersey and Pennsylvania. The American Economic Review, Volume 84, Issue 4 (Sept., 1994),