Until About 10 Years Ago, Most Studies in Labor Economics

question 49

Essay

Until about 10 years ago, most studies in labor economics found a small but significant
negative relationship between minimum wages and employment for teenagers.Two labor
economists challenged this perceived wisdom with a publication in 1992 by comparing
employment changes of fast-food restaurants in Texas, before and after a federal
minimum wage increase.
(a)Explain how you would obtain external validity in this field of study,

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Definitions:

Product Design

The process of creating a new product to be sold by a business to its customers, focusing on specifications, aesthetics, and usability.

Planning

The process of setting goals, developing strategies, and outlining tasks and schedules to achieve the goals.

Product/Service Quality

The measure of excellence or state of being free from defects, deficiencies, and significant variations, assessed by comparing a product or service to established standards.

Mary Parker Follett

A pioneering theorist in organizational behavior and management who emphasized the importance of integrative conflict resolution and human relations.