| First Reason | the time it takes to search for jobs that best suit tastes and skills |
| Fourth Reason | theory of efficiency wages |
| High wages can... | improve worker health, lower worker quality, and increase worker effort |
| Minimum Wage Laws | raises wage of unskilled workers therefore raising the quantity of labor supplied and reduce the quantity demanded |
| Second Reason | minimum wage laws |
| Theory of Efficiency Wages | firms find it profitable to pay wages above equilibrium level. |
| Third Reason | Market power of unions, pushes union wages up and creates surplus of labor |
Drag corresponding items onto each other to make them disappear.
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