Economics · Microeconomics

The Minimum Wage Lab — Help or Harm?

A three-round microeconomics lab. Run Café Roble through three minimum-wage regimes — discover the labour market, allocate the wage-bill shock, then set policy for the whole sector. Surfaces the Card-Krueger / monopsony debate and the distributional honesty question that no slogan answers.

3 rounds MBA & Masters English, Español
All simulations Get started
Preview

Who it is for

An intermediate simulation for participants who already know the core concepts of the subject, designed for master's and MBA programmes.

How a session runs

  1. The instructor creates a session from the Eureka dashboard and invites the participants.
  2. Participants play 3 rounds. In each one they submit their decisions and the simulation calculates the results. The first round opens with: No Floor: Discover the Labour Market.
  3. The simulation can be run in English, Español.
  4. The instructor follows each participant's progress and results from the dashboard, and uses the class results for the debrief.

Decisions participants make

The decisions participants make during the simulation:

  • Hourly Wage (€)
  • Staff to Hire
  • (a) Hours Cut per Week
  • (b) Menu Price Rise (%)
  • (c) Owner Draw Cut (€/wk)
  • (d) Install Self-Order Kiosk
  • Minimum Wage (€/hour)

Subjects covered

Designed for courses in Microeconomics.

See all Economics simulations →

Ready to use The Minimum Wage Lab — Help or Harm? with your students?

Contact us and we'll set you up with a free trial session.

Contact us