A recent proposal has been put forward to increase the legal minimum wage which needs your expert evaluation as
part of the state employment office staff.
The increase is set at 21% for the roughly 200K workers who would likely be affected in your state, you know. Your research shows that the 'best' estimate of the elasticity of demand for 'unskilled labor' is -0.30.
How many new claims might be filed next year if the proposal goes into effect? What steps might be prudently taken by your bureau to prepare for such a policy change?