Minimum-wage laws
a) affect highly-educated workers more than high school dropouts.
b) do not apply in states with right-to-work laws.
c) create unemployment.
d) cause labor shortages, which further raise wages above equilibrium.

The cost of labor is significantly lower in many countries than in the united states. if you move manufacturing to a facility to a country labeled as part of the axis of evil and a threat to world peace you will increase the net income of your client by $10 million per the facility is located in a country which limits personal freedom and engages in state sponsored terrorism. imagine you are a marketing consultant. (a) what would you tell the executives to do? (b) what are the alternatives? what are your recommendations? why do you recommend this course of action?