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(Solved): Also, realize that many politicians focus on the wage rate but ignore the effect of increasing the w ...



Also, realize that many politicians focus on the wage rate but ignore the effect of increasing the wage rate on total labor income earned by workers. In other words, they think that by increasing the wage rate, they are also increasing the workers' incomes. In our case, before the minimum wage law is passed, workers' total income was dollars. After the passage of the law, total labor income changes to dollars.



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