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Competitive labor market equilibrium (0:00), Minimum wage creates unemployment (2:18), cobweb web model (5:13), long run dynamics and data observation (13:33), Pareto efficient (17:17), Producer surplus (19:32), Worker surplus (20:31), The competitive market maximizes total surplus (21:10), Payroll taxes assessed on firms (22:09), Payroll taxes assessed on employees (28:55), Payroll taxes assessed on firms and employees (34:22), Payroll taxes assessed on firms with inelastic labor supply (37:39), employment subsidies paid to firms (40:46)
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