Figure 5.3. The figure shows the wage rate and the quantity of labor supplied in an unskilled labor market.
-In the United States, there is a federal minimum wage that is followed by each state.

Question

​Figure 5.3. The figure shows the wage rate and the quantity of labor supplied in an unskilled labor market. 
-In the United States, there is a federal minimum wage that is followed by each state.​

Quizplus · Accepted Answer

Each state in the United States can set its own minimum wage, which can be higher than the federal minimum wage, but not lower. States are not required to follow the federal minimum wage if their own state minimum wage is higher.

​Figure 53

Figure 53