Explain how the price floor impacts the poor for low-skilled workers/unemployment.

A country has two regions, the North and the South, which are identical in all respects except the hourly wage and the number of workers. The demand for labor in each region iswN = $20 - .5EN and wS = $20 - .5ESwhere EN and ES are millions of workers. Currently there are 6 million workers in the North and 18 million workers in the South.a. What is the wage in each region?b. If there are no shocks to the economy, migration over time will result in an equalization of wages and employment. What would be the long-run wage and employment level in each region?c. Return to the original setup where there are 6 million workers in the North and 18 million workers in the South. As a policymaker, you decide not only to allow 2 million immigrants of working age to enter your country, but you have the authority to resettle the immigrants wherever you want. How should you distribute immigrants across the regions to maximize the country’s immigration surplus? Besides maximizing the immigration surplus…

The Labor Market: End of Chapter Problem 10. Japan's population is falling due to its low birth rate. a. Please adjust the graph to illustrate how this will affect Japan's labor market. Click on the lines to see options. Japan's labor market Supply Demand Quantity of labor b. Select all types of government policies that might reverse this population trend. tight immigration policies tax credits for having children %3D flexible or part-time work hours for working parents O O O

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