Figure 19-7 -Refer to Figure 19-7. the Figure Shows Labor Demand and Labor

question 511

Short Answer

Figure 19-7
-Refer to Figure 19-7. The figure shows labor demand and labor supply in a non-unionized labor market. If the current labor demand is D1 and the current labor supply is S1, when a minimum wage of $18 per hour is imposed in this market, how many unemployed workers result?

---

Definitions:

Public Interest

Refers to the common well-being or general welfare of the community, considered in policy-making and legal matters.

Norris-LaGuardia Act

A 1932 United States federal law that limited the use of court injunctions against non-violent labor disputes and marked a shift towards the protection of workers' rights to organize.

Unionization Efforts

Initiatives and campaigns aimed at forming or joining labor unions in order to secure better wages, working conditions, and benefits for workers.

Union Shop Agreements

Contracts requiring all employees of a business to join the union within a certain period of starting employment and to maintain membership as a condition of employment.