Scribd Logo
Importer

Bienvenue sur Scribd !

  • ADC606: Economics For Business Topic: Price Mechanism Exercise

    Transféré par

    Clinton Mak 克林顿 麦麦
    16 vues6 pages
    The document discusses the effects of implementing a minimum wage on labor supply and demand. Before the minimum wage, there was a shortage of labor supply in both West and East Malaysia. After implementation in the short term, there was an excess of labor supply. In the long term, demand adjusted to the new wage, resulting in a refined need for labor supply.

    Description originale:

    ...

    Titre original

    Minimum Wage Policy

    Copyright

    © © All Rights Reserved

    Formats disponibles

    PPTX, PDF, TXT ou lisez en ligne sur Scribd

    Avez-vous trouvé ce document utile ?

    Ce contenu est-il inapproprié ?

    Signaler ce document
    The document discusses the effects of implementing a minimum wage on labor supply and demand. Before the minimum wage, there was a shortage of labor supply in both West and East Malaysia. After implementation in the short term, there was an excess of labor supply. In the long term, demand adjusted to the new wage, resulting in a refined need for labor supply.

    Droits d'auteur :

    © All Rights Reserved
    Téléchargez comme PPTX, PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    16 vues6 pages

    ADC606: Economics For Business Topic: Price Mechanism Exercise

    Transféré par

    Clinton Mak 克林顿 麦麦
    The document discusses the effects of implementing a minimum wage on labor supply and demand. Before the minimum wage, there was a shortage of labor supply in both West and East Malaysia. After implementation in the short term, there was an excess of labor supply. In the long term, demand adjusted to the new wage, resulting in a refined need for labor supply.

    Droits d'auteur :

    © All Rights Reserved
    Téléchargez comme PPTX, PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    sur 6

    ADC606 : Economics for Business

    Topic: Price Mechanism exercise


    Clinton Mak
    (GSM0168/17)
    Before implementation of Minimum Wage

    Wage Wage

    S0 D0 S0 D0

    Shortage of Labor Shortage of Labor


    Supply Supply

    Quantity Quantity
    WEST MALAYSIA EAST MALAYSIA

    Supply
    Demand
    After implementation of Minimum Wage – Scenario 1: Excess of Labor Supply

    Wage Wage

    Excess of Labor Supply Excess of Labor Supply

    D1 S1 D1 S1

    Quantity Quantity
    WEST MALAYSIA EAST MALAYSIA

    Supply
    Demand
    After implementation of Minimum Wage – Scenario 2: Refined need for labor supply (Demand Taste Shifted)

    Wage Wage

    Excess of Labor Supply Excess of Labor Supply

    D2 S1 D2 S1

    Quantity Quantity
    WEST MALAYSIA EAST MALAYSIA

    Supply
    Demand
    Old Demand
    Before implementation of new minimum wage
    • Shortage of Labor Supply

    After implementation of new minimum wage – Short


    Term
    • Excess of Labor Supply

    After implementation of new minimum wage – Long


    Term
    • Refined need for Labor Supply
    http://ftp.iza.org/dp7813.pdf

    https://wol.iza.org/uploads/articles/464/pdfs/employment-
    effects-of-minimum-wages.pdf?v=1

    http://documents.worldbank.org/curated/en/80822149253789
    3842/pdf/WPS8030.pdf

    https://www.fmm.org.my/Press_Releases-@-
    Maintain_Minimum_Wage_Rates_At_Current_Level.aspx

    https://www.nottingham.edu.my/Economics/documents/2018
    /second-prize-2018.pdf

    Vous aimerez peut-être aussi